Key Concepts of Service Management Flashcards

1
Q

Service Management (Definition)

A

A set of specialized organizational capabilities for enabling value for customers in the form of services.

Specialized Organization
Value for customers
Services

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2
Q

Value (Definition)

A

The perceived benefits, usefulness, and importance of something.

  • Can be subjective (stakeholders)
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3
Q

Organization (Definition)

A

A person, or group of people that has its own functions with responsibilities, authorities, and relationships to achieve its objectives

Org:

  • vary in size and complexity
  • creates value for stakeholders
  • may hold different roles depending on perspective (e.g. service provider, service consumer)
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4
Q

Types of Stakeholders

A

Service provider
Service consumer
Other stakeholder

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5
Q

Service Provider

A

Can be an organization provisioning services

Can be external or internal to consumer’s organization

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6
Q

Service Consumer

A

Can be an organization receiving services

A generic role. More specifically: customers, users, and sponsors.

Can be external or internal to provider’s organization

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7
Q

Other stakeholders

A
individual employees
partners and suppliers
investors and shareholders
government organizations (regulators)
social groups
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8
Q

Customer (Definition)

A

A person who defines the requirements for a service and takes responsibility for the outcomes of service consumption.

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9
Q

User (Definition)

A

A person who uses services

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10
Q

Sponsor (Definition)

A

A person who authorizes budget for service consumption

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11
Q

Service consumer roles

A

Customer
User
Sponsor

  • identify these roles to ensure effective stakeholder management
  • roles may have conflicting definitions of value
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12
Q

Service (Definition)

A

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 can be based on one or more products
  • service providers help their consumers achieve outcomes by taking on some of the associated risks and costs

Key:
Value co-creation
Outcomes for customers
Less cost/risk

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13
Q

Product (Definition)

A

A configuration of an organization’s resources designed to offer value for a consumer

  • products are complex and not fully visible to the consumer
  • orgs define which components their consumers see
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14
Q

Utility (Definition)

A

The functionality offered by a product or service to meet a particular need

  • “What the service does”
  • Determines service’s ‘fit for purpose’
  • Service supports consumer performance, or
    remove consumer constraints
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15
Q

Warranty (Definition)

A

Assurance that a product of service will meet agreed requirements

  • How the service performs
  • Determine service’s ‘fit for use’
  • Service availability, capacity, security levels, continuity
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16
Q

Output (Definition)

A

A tangible or intangible deliverable on any activity

  • Acting as a service provider, an org produces outputs that help its consumers achieve outcomes
17
Q

Outcome (Definition)

A

A result for a stakeholder enabled by one or more outputs

  • Acting as a service provider, an org produces outputs that help its consumers achieve outcomes
18
Q

Cost (Definition)

A

The amount of money spent on a specific activity or resource

19
Q

Cost: Service consumer perspective

A

costs saved by the service - cost of service = value of service

20
Q

Cost: Service provider perspective

A

Services should be delivered within budget and meet financial expectations of the organization

21
Q

Risk (Definition)

A

A possible event that could cause harm or loss, or make it more difficult to achieve objectives.

22
Q

Risk: Service consumer perspective

A

risk removed (staff, hardware) - risk added (security breach, third party bankruptcy) = value of service

23
Q

Risk: Service provider perspective

A
  • Manages detailed level of risk on behalf of consumer

- Balances what matters to both the service consumer and provider