ITIL Terms Flashcards
Product
Configuration of resources, created by the organization, that will be potentially valuable for their customers.
Organization
A person or group of people that has its own functions with responsibilities, authorities, and relationships to achieve its objectives.
Customer
Is the role that defines the requirements for a service and takes responsibility for the outcomes of service consumptions.
User
Is the role that uses services.
Sponsor
Is the role the authorizes the budget for service consumption. It’s also used to describe an organization or individual that provides financial or other support for an initiative.
Service
Is 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.
Value
Is the perceived benefits, usefulness, and importance of something.
Outcome
As a result for a stakeholder enabled by one or more outputs.
Cost
Is the amount of money spent on a specific activity or resource.
Output
Is a tangible or intangible deliverable of an activity.
Risk
Is a possible event that could cause harm or loss, or make it more difficult to achieve objectives.
Service relationship management
Are the joint activities performed by service provider in a service consumer to ensure continual value.
Service offering
Is a formal description of one or more services, design to address the needs of a target consumer group. A Service offering me include goods, access to resources, and service actions.
Service provision
The activities performed by an organization to provide services, including management of the providers resources, configured to deliver the service; ensuring access to these resources for users; fulfillment of the agreed service actions; service level management; and continual improvement. It may also include the supply of goods.
Service consumption
Is the activities performed by an organization to consume services. It includes the management of the consumers resources needed to use the service, service actions performed by users, and the receiving (acquiring) of goods (if required).
Service management
Is a set of specialized organizational capabilities for enabling value for customers in the form of services.
Utility
Is the functionality offered by a product or service to meet a particular need (what s service does/fit for purpose).
Warranty
Is the assurance that a product or service will meet agreed requirements. How a service performs (fit for use)
Service value system (SVS)
Is a model representing how all the components and activities of an organization work together to facilitate value creation.
Service value chain (SVC)
Is the innermost cube containing six main activities in the service value system. (Plan, improve, engage, design and transition, obtain/build, deliver and support.)
Plan
Ensures a shared understanding of the vision, current status, an improvement direction for all for dimensions and all products and services across an organization.
Improve
Insurance continual improvement of products, services, and practices across all value chain activities and the four dimensions of service management.
Engage
Provides a good understanding of stakeholder needs, transparency, continual engagement, and good relationships with all stakeholders.
Design & transition
Insurance products and services continually meat stick holder expectations for quality, cost, and time to market.
Obtain/build
Ensure service components are available when and where they are needed, and that they meet agreed specifications.
Deliver and support
Ensures services or delivered and supported according to agree to specifications and stakeholder expectations.
Four dimensions
Are the four perspectives that are critical to the effective and efficient facilitation of values for customers and other stake holders in the form of products and services.
Organizations and people, information and technology, partners in suppliers, value streams and processes.
Organizations and people
Ensures that the way in organization is structured and managed, as well as its roles, responsibilities, and systems of authority in communication, as well defined and supports its overall strategy and operating model.