Module 1 Flashcards
What is the purpose of ITIL?
To provide organisations with comprehensive guidance for the management of IT-enabled services in a digital economy
*Define a service [1.a.i]
A means of enabling value co-creation by facilitating desired outcomes for customers, without the customer needing to manage specific costs & risks. They are based on 1 or more of an organisation’s products
*Define utility [1.a.ii]
Functionality offered by a product/service to meet a particular need. What a service does & how its fitness for purpose is determined
*Define warranty [1.a.iii]
Assurance that a product/service will meet agreed requirements. How a service performs & is used to determine whether it is fit for use
What is a product? [1.a.i]
A configuration of an organisation’s resources designed to offer value for a consumer. They are complex & not fully visible to a consumer - organisations define which components they see & tailor them to suit target consumer groups
What is value co-creation? [1.a.i]
It requires collaboration between the provider & the consumer to have a mutually beneficial, interactive relationship
*Define customers [1.a.iv]
They define the requirements for services & take responsibility for outcomes
*Define users [1.a.v]
They use services
*Define service management [1.a.vi]
A set of specialised organisational capabilities for enabling value to customers in the form of services
What is necessary for developing specialised organisational capabilities? [1.a.vi]
An understanding of the nature of value, nature & scope of stakeholders & how value creation is enabled through services
What are stakeholders? [1.a.vi]
Service providers, consumers & other stakeholders e.g. employees, investors, social & community groups, government organisations, partners & suppliers
*Define sponsors [1.a.vii]
They authorise the budget for service consumption
*What is cost? [1.b.i]
The amount of money spent on a specific activity/resource. From a consumer perspective, there are 2 types involved in a service relationship: costs removed from them by the service as part of the value proposition & costs imposed on them by the service (cost of service consumption)
*What is value? [1.b.ii]
The perceived benefits, usefulness & importance of something
What are the 2 types of value? [1.b.ii]
Direct e.g. revenue generation or indirect e.g. employee experience or society benefitting from job provision