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Last updated 4:43 AM on 7/22/26
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23 Terms

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Service

 

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.

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Output

A tangible or intangible delivery of an activity

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Outcome

A result for a stakeholder enabled by one or more outputs.

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Customer

The role that that defines requirements for a service and takes responsibility for

the outcomes of service consumption.

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User

The role that uses the services.

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Value

The perceived benefits, usefulness, and importance of something.

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Utility

Summarized as ‘What the service does” and ‘fit for purpose.’

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Warranty

Summarized as ‘how the service performs and ‘fit for use.

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Service Value System

A model representing how all the components and activities of an organization work together to facilitate value creation. An easier explanation: Converts opportunity/demand by applying an organization's “secret sauce (service management),” creating value for customers

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Guiding Principles

These principles guide an organization in all circumstances, including the implementation of ITIL

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Service Value Chain

Part of the Service Value System. Transforms demand into actual value

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Practice

A set of organizational resources designed for performing work or accomplishing an activity

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Continual Improvement Practice

A responsibility of everyone; ideas need to be re-prioritized as new ones are added

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Change Enablement Practice

Standard Change, Normal Change, and Emergency Change

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Incident Management Practice

Minimize negative impacts of incidents by restoring normal operation as soon as possible.Incident: unplanned interruption or reduction of quality.

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Problem Management

Reduce likelihood of recurring incidents by identifying root causes and eliminating them.Unknown cause of one or more incidents

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Service Desk

Captures demand for incidents. Single point of contact between service providers and users.

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Service Level Management

Set clear business targets for service performance,so that the delivery of a service can be measured properly.

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Service Request Management

To support the agreed quality of services by handing all pre-defined, user initiated service requests.

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Relationship Management

Establishes and nurtures links between organization and stakeholders at strategic and tactical levels. Relationships are analyzed, monitored and improved.

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IT Asset Management

Any financially valuablecomponent that can contribute to the delivery of IT products or services

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Monitoring and Event Management


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Release Management

Services and features are available for use