Episode 17: Understanding Risk in Services

Episode 17: Understanding Risk in Services

Risk is an unavoidable part of delivering services, and ITIL places strong emphasis on understanding how risk shapes outcomes. In this episode, we’ll explore the ITIL definition of risk as a possible event that could cause harm or make achieving objectives more difficult. Services always involve balancing risks against opportunities: every new feature, every supplier contract, and every technology decision comes with uncertainties. You’ll learn how ITIL encourages identifying, assessing, and managing risk so that organizations can deliver value without exposing themselves to unnecessary threats. Exam questions often test this perspective by asking you to distinguish between risk, issue, and problem.

We’ll also connect the idea of risk to real-world situations, such as implementing cloud migration or introducing new security controls. Both can create risks — downtime, breaches, or cost overruns — but with careful management, the benefits can outweigh them. Recognizing this balance is key both in ITIL theory and in organizational decision-making. This episode was produced by BareMetalCyber.com.

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Episode 51: Monitoring & Event Management + Deployment Management

Episode 51: Monitoring & Event Management + Deployment Management

This episode covers two practices that ensure services stay healthy and evolve effectively: monitoring and event management, and deployment management. Monitoring and event management focus on observi...

1 Syys 202524min

Episode 50: IT Asset Management + Service Configuration Management

Episode 50: IT Asset Management + Service Configuration Management

Assets and configurations form the backbone of service delivery, and ITIL provides two practices to manage them. In this episode, we’ll explore IT asset management, which tracks the financial, contrac...

1 Syys 202524min

Episode 49: Relationship & Supplier Management

Episode 49: Relationship & Supplier Management

Strong relationships are central to successful services, and this episode explores two practices that enable them: relationship management and supplier management. Relationship management ensures that...

1 Syys 202525min

Episode 48: Information Security Management

Episode 48: Information Security Management

Information security is a foundational practice in ITIL, ensuring that confidentiality, integrity, and availability of information are protected at all times. In this episode, we’ll explain how the in...

1 Syys 202526min

Episode 47: Design & Transition, Obtain/Build, Deliver & Support — End-to-End Flow

Episode 47: Design & Transition, Obtain/Build, Deliver & Support — End-to-End Flow

The remaining three activities of the service value chain — design and transition, obtain/build, and deliver and support — represent the heart of operational service delivery. In this episode, we’ll e...

1 Syys 202525min

Episode 46: Engage Activity — Interacting with Stakeholders

Episode 46: Engage Activity — Interacting with Stakeholders

The “Engage” activity ensures that all stakeholder needs are understood, communicated, and met throughout the service lifecycle. In this episode, we’ll explore how engagement creates a two-way relatio...

1 Syys 202523min

Episode 45: Improve Activity — Continual Improvement Mindset

Episode 45: Improve Activity — Continual Improvement Mindset

Improvement is not a one-time project but a continuous cycle, and the service value chain embeds this philosophy in the “Improve” activity. In this episode, we’ll explain how the improve activity ensu...

1 Syys 202523min

Episode 44: Plan Activity — Setting Direction and Goals

Episode 44: Plan Activity — Setting Direction and Goals

The first activity in the service value chain is “Plan,” and in this episode we’ll explain its purpose and relevance. Planning provides a shared vision and direction for all aspects of service managem...

1 Syys 202524min

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