ITIL 4

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Last updated 8:13 PM on 1/27/26
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58 Terms

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Service Management

Set of specialized organizational capabilities for enabling value for customers in the form of services

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Service

A means of enabling value co-creation by facilitating outcomes customers want without managing specific costs and risks

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Value

Perceived benefits usefulness and importance subject to stakeholder perception

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Value Co-Creation

Value created through collaboration between providers consumers and other stakeholders

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Stakeholder

A person or organization with an interest or involvement in an organization product or service

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Output

A tangible or intangible deliverable of an activity

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Outcome

A result for a stakeholder enabled by one or more outputs

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Cost

Amount of money spent on a specific activity or resource

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Risk

Possible event that could cause harm loss or difficulty achieving objectives

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Utility

Functionality offered to meet a particular need fit for purpose

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Warranty

Assurance a service will meet agreed requirements fit for use

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Product

Configuration of organizational resources designed to offer value to a consumer

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Service Offering

Formal description of services designed for a target consumer group

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Goods

Ownership transferred to the consumer who assumes responsibility for use

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Access to Resources

Access granted without ownership transfer under agreed terms

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Service Actions

Actions performed by the provider to address a consumer need

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Service Relationship

Cooperation between a service provider and a service consumer

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Service Provision

Activities performed to provide services

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Service Consumption

Activities performed to consume services

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Service Relationship Management

Joint activities ensuring continual value co-creation

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Customer

Role that defines service requirements and is accountable for outcomes

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User

Role that uses the service

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Sponsor

Role that authorizes budget for service consumption

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Organizations and People

Structure culture capabilities and competencies

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Information and Technology

Information knowledge and technology needed for service management

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Partners and Suppliers

Relationships with external organizations involved in service delivery

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Value Streams and Processes

Activities workflows and procedures to achieve objectives

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Focus on Value

Everything links directly or indirectly to stakeholder value

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Start Where You Are

Use existing processes tools and data

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Progress Iteratively with Feedback

Work in small steps and learn continuously

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Collaborate and Promote Visibility

Collaboration across boundaries improves results

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Think and Work Holistically

Consider the whole system not isolated parts

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Keep It Simple and Practical

Remove unnecessary steps and complexity

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Optimize and Automate

Optimize first then automate where it supports value

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Service Value System SVS

How all components work together to facilitate value creation

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SVS Components

Guiding principles governance service value chain practices continual improvement

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Service Value Chain

Core operating model for responding to demand and enabling value

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Plan

Establish vision current state and improvement direction

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Improve

Continual improvement across all activities and dimensions

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Engage

Understand stakeholder needs and maintain relationships

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Design and Transition

Ensure services meet quality cost and time expectations

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Obtain Build

Ensure components are available and meet specifications

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Deliver and Support

Deliver services and support users according to agreements

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Output vs Outcome

Output is a deliverable outcome is a stakeholder result

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Utility vs Warranty

Utility is fit for purpose warranty is fit for use

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Incident

Unplanned interruption or reduction in service quality

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Service Request

User initiated request for a standard service

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Problem

Underlying cause or potential cause of incidents

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Change

Addition modification or removal of anything

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Release

Version made available for use

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Deployment

Movement of components into an environment

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CI Model Step 1

What is the vision

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CI Model Step 2

Where are we now

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CI Model Step 3

Where do we want to be

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CI Model Step 4

How do we get there

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CI Model Step 5

Take action

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CI Model Step 6

Did we get there

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CI Model Step 7

How do we keep the momentum going