ITIL V4 Foundation Praveen Bangera, January 17, 2023January 18, 2023 Summary form the Book The core components of the ITIL SVS are: the ITIL service value chain the ITIL practices the ITIL guiding principles governance continual improvement. toolset for ITSM practitioners The four dimensions model Organizations and people Information and technology partners and suppliers value streams and processes. KEY CONCEPTS OF SERVICE MANAGEMENT Definition: Service management A set of specialized organizational capabilities for enabling value for customers in the form of services. important concepts of service management the nature of value and value co-creation organizations, service providers, service consumers, and other stakeholders products and services service relationships value: outcomes, costs, and risks Specialized organizational capabilities The nature of value the nature and scope of the stakeholders involved how value creation is enabled through services. The purpose of an organization is to create value for stakeholders. Value (The perceived benefits, usefulness, and importance of something.) Organizations, service providers, service consumers, and other stakeholders Definition: Organization A person or a group of people that has its own functions with responsibilities, authorities, and relationships to achieve its objectives. When receiving services, an organization takes on the role of the service consumer. Service consumer is a generic role that is used to simplify the definition and description of the structure of service relationships. In practice, there are more specific roles involved in service consumption, such as customers, users, and sponsors Share this:FacebookXLike this:Like Loading... Related Blogs Blogs