Episode 15: Cost and Value — What’s the Difference?

Episode 15: Cost and Value — What’s the Difference?

In service management, cost and value are closely linked but not the same. This episode focuses on distinguishing these two concepts, which the exam often tests in subtle ways. Cost represents the resources required to deliver a service — the money, time, and effort invested. Value, on the other hand, is the benefit or outcome that the customer perceives from that service. For example, the cost of running cloud servers may be high, but the value to the customer could be even greater if it allows their business to scale quickly and reliably.

We’ll discuss why confusing cost with value can lead to poor decisions, such as cutting essential support functions because they appear expensive while ignoring the value they create in preventing downtime. By practicing with these distinctions, you’ll sharpen your ability to analyze service tradeoffs, which is useful both for the exam and for real organizational decision-making. This episode was produced by BareMetalCyber.com.

Episoder(59)

Episode 35: Communication and Collaboration in Teams

Episode 35: Communication and Collaboration in Teams

Strong collaboration is essential for organizational success, and ITIL underscores the need for effective communication within the people dimension. In this episode, we’ll explore why collaboration ma...

1 Sep 202523min

Episode 34: Organizations and People — Roles, Culture, Competence

Episode 34: Organizations and People — Roles, Culture, Competence

The first of the four dimensions focuses on organizations and people, reminding us that technology alone cannot deliver value. In this episode, we’ll explore how organizational structure, defined role...

1 Sep 202524min

Episode 33: Introduction to the Four Dimensions

Episode 33: Introduction to the Four Dimensions

To understand ITIL 4 fully, you must see service management as more than just processes or technologies. In this episode, we’ll introduce the four dimensions of service management: organizations and p...

1 Sep 202525min

Episode 32: Mini-Review: Seven Principles Recap

Episode 32: Mini-Review: Seven Principles Recap

After exploring each guiding principle in detail, this episode serves as a recap to lock the concepts firmly in your memory. We’ll briefly revisit each principle — from “Focus on Value” through “Optim...

1 Sep 202525min

Episode 31: Exam Pitfalls Around Principles

Episode 31: Exam Pitfalls Around Principles

Principles are straightforward in theory, but exam questions often test them in tricky ways. In this episode, we’ll walk through the most common pitfalls candidates face when answering principle-relat...

1 Sep 202524min

Episode 30: Guiding Principles in Daily Work

Episode 30: Guiding Principles in Daily Work

The value of guiding principles is proven not only in theory but in the everyday work of IT professionals. In this episode, we’ll translate the principles into relatable analogies and daily practices....

1 Sep 202526min

Episode 29: Interactions Between Principles — How They Work Together

Episode 29: Interactions Between Principles — How They Work Together

While each guiding principle can stand alone, their true power emerges when they are applied together. In this episode, we’ll explore how the seven principles interact, often reinforcing each other in...

1 Sep 202524min

Episode 28: Optimize and Automate — Efficiency and Tools

Episode 28: Optimize and Automate — Efficiency and Tools

The final guiding principle, “Optimize and Automate,” reflects modern IT realities where efficiency and technology play critical roles. In this episode, we’ll explain how optimization comes first: bef...

1 Sep 202526min

Populært innen Fakta

fastlegen
dine-penger-pengeradet
relasjonspodden-med-dora-thorhallsdottir-kjersti-idem
treningspodden
foreldreradet
jakt-og-fiskepodden
merry-quizmas
rss-sunn-okonomi
dopet
podme-bio-3
tomprat-med-gunnar-tjomlid
hverdagspsyken
rss-strid-de-norske-borgerkrigene
sovnlos
sinnsyn
gravid-uke-for-uke
rss-kull
dypdykk
lederskap-nhhs-podkast-om-ledelse
fryktlos