Terminology Flashcards
A set of specialized organizational capabilities for enabling value for customers in the form
of services
Service Management
The perceived benefits, usefulness and importance of something
Value
A person or a group of people that has its own functions with responsibilities, authorities and relationshops to achieve its objectives
Organization
The role that defines the requirements for a service and takes responsibility for the outcomes of service consumption
Customer
The person who uses services
User
The role authorizing budget for service consumption
Sponsor
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
A configuration of an organization’s resources designed to offer Value for a consumer
Product
A formal description of one or more services, designed to address the needs of a target consumer group. It may include goods, access to resources, and service actions
Service offering
A co-operation between a service provider and service consumer. They include service provision, service consumption and xx management.
Service relationship
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 Relationship Management
Service provision
Activities performed by an organization to provide services
Service consumption
Activities performed by an organization to consume services
Outcome
A result for a stakeholder enabled by one or more outputs
Output
A tangible or intangible deliverable of an activity
Cost
The amount of money spent on a specific activity or resource. Costs can be expressed in non-monetary terms, such as time spent and people allocated
Risk
A possible event 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
Assurance that a product or service will meet agreed requirements
Value Stream
A series of steps an organization undertakes to create and deliver products and services to consumers
Process
A set of interrelated or interacting activites that transforms inputs into outputs. X define the sequence of activities and their dependencies
IT asset
Any financially valuable component that can contribute to the delivery of an IT product or service