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 11: What is a Service?

Episode 11: What is a Service?

At the heart of ITIL lies one fundamental question: what is a service? In this episode, we’ll unpack the ITIL definition of a service as a means of enabling value co-creation by facilitating outcomes ...

1 Sep 202524min

Episode 10: Key Terms Q–Z

Episode 10: Key Terms Q–Z

The final part of our glossary journey takes you through the key terms from Q through Z. This segment closes the loop, ensuring you have the full language of ITIL at your fingertips before we dive dee...

1 Sep 202524min

Episode 9: Key Terms H–P

Episode 9: Key Terms H–P

Continuing our glossary foundation, this episode covers the essential ITIL terms from H through P. As with the previous glossary section, our focus is not only on giving you clear definitions but also...

1 Sep 202523min

Episode 8: Key Terms A–G

Episode 8: Key Terms A–G

Every strong foundation begins with vocabulary, and in ITIL that means mastering the glossary. In this episode, we start with key terms from A through G, giving you definitions and examples that make ...

1 Sep 202526min

Episode 7: Study Methods for Audio Learners

Episode 7: Study Methods for Audio Learners

Not everyone studies the same way, and if you’re listening to this PrepCast, you may already know you prefer audio learning. This episode is dedicated to strategies that maximize retention when studyi...

1 Sep 202521min

Episode 6: Common Mistakes to Avoid in the Exam

Episode 6: Common Mistakes to Avoid in the Exam

Many candidates fail the ITIL Foundation exam not because they don’t know the content, but because they make avoidable mistakes under pressure. In this episode, we’ll highlight the most frequent error...

1 Sep 202523min

Episode 5: Bloom’s Levels Explained

Episode 5: Bloom’s Levels Explained

A key part of preparing for the ITIL Foundation exam is knowing the depth of knowledge you are expected to demonstrate. In this episode, we’ll explain Bloom’s taxonomy as it applies to ITIL. The exam ...

1 Sep 202521min

Episode 4: Exam Format, Question Types, and Strategy

Episode 4: Exam Format, Question Types, and Strategy

No matter how well you study, exam success depends on knowing what to expect on test day. This episode demystifies the ITIL 4 Foundation exam format, walking you through how many questions there are, ...

1 Sep 202522min

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