ITIL Vocab Flashcards
Service Management
A set of specialized organizational capabilities for enabling value to customers in the form of services
Value
The perceived benefits, usefulness, and the importance of something
Organization
A person or a group of people that has its own functions with responsibilities, authorities and relationships to achieve its objectives
Customer
The role that defines requirements for services and takes responsibility for outcomes from service consumption
User
The role that uses the service
Sponsor
The role that authorizes the budget for service consumption
Stakeholder
A person or organization that has an interest or involvement in an organization, product, service, practice or other entity
Service
A means of enabling value cocreation by facilitating outcomes that customers want to achieve, without the customer having to manage specific costs and risks
Product
A configuration of resources, created by the organization, that will be potentially valuable for their customers
Service Offering
A description of one or more services, designed to address the needs of a target consumer group; a service offering may include goods, access to resources, and service actions
Service relationship management
consists of 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 Provisioning
consists of activities performed by a service provider to provide services
Service Consumption
consists of activities performed by a service consumer to consume services
Output
is a tangible or intangible deliverable of an activity
Outcome
is a result for a stakeholder enabled by one or more output
Costs
Refers to the amount of money spent on a specific activity or resource
Risks
Refers to possible events that could cause harm or loss, or make it more difficult to achieve objectives
Utility
The functionality offered by a product or service to meet a particular need
Warranty
The assurance that a product or service will meet agreed requirements
Process
A set of interrelated or interacting activities that transform inputs into outputs
4 Dimensions of Service Management
Organizations & people, Information & technology, partners & suppliers, and value streams & processes
Dimension 1 of Service Management: Organization & People
Culture, required staffing & competencies , roles & responsibilities, and formal organizational structure
Dimension 2 of Service Management: Information & Technology
Information and knowledge, technologies, and the relationships between the components
Dimension 3 of Service Management: Partners & Suppliers
service provider/service consumer relationship, organizations partner & supplier strategy, factors that influence supplier strategies, service integration & management
Value Stream
Series of steps to create and deliver services and value to service consumers
Dimension 4: Value Streams & Processes
Activities the organization undertakes, how the activities are organized, and how value is ensure for all stakeholders effectively and efficiently.
Service Value System (SVS)
Describes how all the components and activities of the organization work together as a system to enable value creation
Opportunities
Represents options or possibilities to add value for stakeholders or otherwise improve the organization
Demand
Is the need or desire for products or services among internal and external consumers
Components of the SVS (service value system)
Guiding Principals, Governance, service value chain, practices, continual improvement