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Chapter 4 ■ Service Strategy<br />

2. Value is defined from whose standpoint?<br />

a. Customer<br />

b. External service provider<br />

c. Supplier<br />

d. Internal service provider<br />

3. Which of the following is NOT a <strong>com</strong>ponent of the service<br />

portfolio?<br />

a. Service pipeline<br />

b. Service plan<br />

c. Service catalog<br />

d. Retired services<br />

4. Why does the financial management process exist?<br />

a. To secure funding for IT services<br />

b. To develop finance processes for the service strategy phase<br />

c. To develop a relationship with the customer for getting<br />

more business<br />

d. To manage the service portfolio and the cost of all offered<br />

IT services<br />

5. Which of the following is NOT an objective of BRM?<br />

a. Understand the customer’s requirements<br />

b. Measure and report on the individual SLAs<br />

c. Manage conflicts<br />

d. Ensure customer is satisfied with the offered services<br />

4.10 Summary<br />

In this chapter, I explained the four Ps of service strategy and the value creation principle.<br />

I also discussed the patterns of business activity, risk management, and governance.<br />

I discussed the first set of processes in the ITIL framework, the processes that are<br />

embedded in the service strategy phase. I covered the following processes: service<br />

portfolio management, financial management, and business relationship management.<br />

In the next chapter, you will learn about the second phase of ITIL service<br />

lifecycle—service design—the concepts of designing a service and the processes that<br />

belong to this phase.<br />

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