Page 1 Flashcards

1
Q

Configuration of resources, created by the organization, that will be potentially valuable for their customers.

A

Product

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2
Q

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

A

Organization

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3
Q

The role that defines the requirements for a service and takes responsibility for the outcomes of services consumption.

A

Customer

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4
Q

The role that uses services.

A

User

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5
Q

The role that authorizes the budget for service consumption. The term is also used to describe an organization or individual that provides financial or other support for an initiative.

A

Sponsor

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6
Q

The joint activities performed by a service provider and a service consumer to ensure continual value co-creation based on agreed and available service offerings.

A

Service relationship management

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7
Q

A formal 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.

A

Service offering

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8
Q

The activities performed by an organization to provide services, including management of the provider’s 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.

A

Service provision

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9
Q

The activites performed by an organization to consume services. It includes the management of the consumer’s resources needed to use the service, service actions performed by users, and the receiving (acquiring) of goods (if required).

A

Service consumption

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10
Q

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

A

Service management

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11
Q

_________ have the ownership transferred to a consumer.

A

Goods

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12
Q

_________ does not have the ownership transferred to a consumer.

A

Access

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13
Q

_________ are performed by the provider to address a consumer need.

A

Actions

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14
Q

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.

A

Service

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15
Q

The perceived benefits, usefulness, and importance of something.

A

Value

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16
Q

A result for a stakeholder.

A

Outcome

17
Q

A tangible or intangible deliverable of an activity.

A

Output

18
Q

The amount of money spent on a specific activity or resource.

A

Cost

19
Q

A possible event that could cause harm or loss, or make it more difficult to achieve objectives (uncertainty of outcome).

A

Risk

20
Q

The functionality offered by a product or service to meet a particular need - what a service does (fit for purpose).

A

Utility

21
Q

The assurance that a product or service will meet agreed requirements - how a service performs (fit for use).

A

Warranty