4. The Key Concepts Of Service Management Flashcards
The amount of money spent on a specific activity
Cost
A person who defines the requirements for a service and takes responsibility for the outcomes of service consumption
Customer
A person or a group of people that has its own functions with responsibilities, authorities and relationships to achieve its objectives
Organization
A result for a stake holder enabled by one or more outputs
Outcome
A tangible or intangible deliverable of an activity
Output
A possible even that could cause harm or loss, or make it more difficult to achieve objectives; can also be defined as uncertain of outcome and can be used in the context of measuring the probability of positive/negative outcomes.
Risk
A means of enabling value co-creation by facilitating outcomes that customers want to achieve without the customer having to manage specific costs and risks
Service
A description of one or more services, designed to address the needs of a target consumer group; may include goods, access to resources, and service actions
Service Offering
Activities performed by an organization to consume services; includes the management of the consumer’s resources needed to use the service, service use actions performed by users, and may include the receiving (acquiring) of goods
Service consumption
A set of specialized organizational capabilities for enabling value for customers in the form of services.
Service Management
Activities performed by an organization to provide services; includes management of resources, configured to deliver the service, access to these resources for users, fulfillment of the agreed service actions, service performance management and continual improvement; may also include the supply of goods
Service Provision
Joint activities performed by a service provider and a service consumer to ensure continual value co-creation based on agreed and available service offerings
Service Relationship Management
A person or organization who authorizes budget for service consumption
Sponsor
A person who uses services
User
The perceived benefits, usefulness and importance of something
Value
A series of steps an organization undertakes to create and deliver products and services to consumers
Value stream
The functionality offered by a product or service to meet a particular need
Utility
Assurance that a product or service will meet agreed requirements
Warranty
To decide whether the service has “utility” and is therefore “fit for purpose” it must either.
- Support the performance of the consumer
- Remove constraints on the consumer’s actions
- It may do both of these
To decide whether the service has “warranty” and is therefore “fit for user”, it must be delivered to meet the level of service the consumer need.
- This may be captured in a service level agreement or contract
- It may be a marketing message or brand image