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Exam (elaborations)

ITIL 4 Exam Questions with Latest Update

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  • ITIL 4

ITIL 4 Exam Questions with Latest Update

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  • November 1, 2024
  • 14
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • ITIL 4
  • ITIL 4
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ITIL 4 Exam Questions with Latest
Update
ITIL - Answer-best practice guidance for IT service management, began in England in
the late 1980s, started as a series of books devoted to the systematic delivery of quality
IT services

itSMF - Answer-IT Service Management Forum, global non-profit organization that
supports ITSM, particularly through publications in the ITSM Library series

AXELOS - Answer-the organization responsible for developing and managing a portfolio
of best practice methodologies (including ITIL)

PeopleCert - Answer-official Examination Institute (EI) for ITIL

ITIL Foundation - Answer-covers basic knowledge of ITIL 4 key elements, concepts,
and terminology

ITIL today - Answer-focuses on the key premise that services drive value for both the
service providers and for customers
- necessary to be able to respond to change
- cross-functional collaboration between teams

benefits of ITIL - Answer-- contains industry-proven best practices
- updated to reflect newly emerging practices (Agile, Lean, DevOps)
- reflects business needs that require organizations to balance agility and stability,
create new revenue streams/competitive advantages, new digital business models

SVS (Service Value System) - Answer-foundation on which the ITIL framework is built,
model representing how all the components and activities of an organization work
together to facilitate value creation
- opportunity/need/demand is the trigger, value is created

components of SVS - Answer-- ITIL service value chain (SVC)
- ITIL practices
- ITIL guiding principles
- governance
- continual improvement

SVC (Service Value Chain) - Answer-operating model for service providers that covers
all the key activities required to effectively manage products and services

ITIL practices - Answer-sets of *organizational resources* designed for performing work
or accomplishing an objective

, ITIL guiding principles - Answer-*recommendations* that can guide an organization in
all circumstances, regardless of changes in goals, strategies, types of work, or
management structure

governance - Answer-means by which an organization is *directed* and *controlled*

continual improvement - Answer-practice of aligning an organization's practices and
services with changing business needs through the ongoing identification and
improvement of all elements involved in the effective management of products and
services

four dimensions of service management - Answer-the four *perspectives* that are
critical to the effective and efficient facilitation of value for customers and other
stakeholders
1. organizations and people
2. information and technology
3. partners and suppliers
4. value streams and processes

factors affecting the four dimensions - Answer-Political
Economic
Social
Technological
Legal
Environmental

service management - Answer-a set of specialized organizational capabilities for
enabling value for customers in the form of services

ITSM (IT service management) - Answer-implementation and management of quality IT
services that meet the needs of the business
- practices, activities, governance, and improvement of capabilities that enable
customers to co-create value and achieve desired results

product - Answer-a configuration of an organization's resources designed to offer value
for a consumer

service - Answer-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*

value - Answer-the perceived benefits, usefulness, and importance of something
- co-created by service provider and consumer

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