v4 Foundations Flashcards
(95 cards)
A set of specialized organizational capabilities for enabling value for customers in the form of services
Service management
The application of service management to IT
ITSM
A means of enabling co-creation by facilitating outcomes that customers want to achieve, without the customer having to manage specific costs and risks
Service
A group of people that has its own functions with responsibilities, authorities, and relationships to achieve its objectives
Organization
The perceived benefits, usefulness, and importance of something
Value
Describes how all the components and activities of an organization work together as a system to facilitate value creation
Service Value System
Ensures that the organization continually co-creates value with all steak holders through the use and management of products and services
Service value system
What is the output of the service value system?
Value
What are the 4 dimensions of service management
Organization and people
Information and technology
Partners and suppliers
Value steams and processes
What factors may influence an organization’s strategy when using suppliers
Strategic focus
Resource scarcity
Corporate culture
Demand patterns
Cost concerns
Subject matter expertise
A series of steps an organization undertakes to create and deliver products and services to consumers
Value stream
A set of interrelated or interacting activities that transform inputs to outputs
Process
The role that defines the requirements for a service and takes responsibility for the outcomes of service consumption
Customer
The role that uses the service
User
The role that authorizes the budget for service consumption
Sponsor
The tangible or intangible deliverable or activity
Output
The result for a steak holder enabled by one or more outputs
Outcome
The amount of money spent on a specific activity or resource
Cost
A possible event that could cause harm or loss or make it more difficult to achieve objectives
Risk
The functionality offered by a product or service to meet a particular need
Utility
Assurance that a product or service will meet agreed upon requirements
Warranty
Cooperation between a service provider and service consumer for the delivery and use of a service offering
Service relationship
A formal description of one or more services designed to address the needs of a target consumer group
Service offering
Joint activities performed by a service provider and service consumer to ensure continual value co-creation based on agreed and available service offerings
Service relationship management