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.

Episoder(59)

Episode 43: Service Value Chain Overview — Six Activities

Episode 43: Service Value Chain Overview — Six Activities

At the heart of the SVS is the Service Value Chain, which represents the core activities required to create and manage services. In this episode, we’ll introduce its six activities: plan, improve, eng...

1 Sep 202525min

Episode 42: Governance, Practices, and Guiding Principles Inside SVS

Episode 42: Governance, Practices, and Guiding Principles Inside SVS

Governance, practices, and guiding principles are three of the most important elements within the SVS, and in this episode we’ll look at how they function. Governance ensures that policies, decision-m...

1 Sep 202524min

Episode 41: What is the ITIL Service Value System (SVS)?

Episode 41: What is the ITIL Service Value System (SVS)?

The Service Value System, or SVS, is one of the defining innovations of ITIL 4, and this episode introduces it in detail. The SVS provides a holistic model that shows how all the components of ITIL — ...

1 Sep 202526min

Episode 40: Four Dimensions in Balance — Avoiding Weak Spots

Episode 40: Four Dimensions in Balance — Avoiding Weak Spots

Individually, each dimension is important, but ITIL stresses that they must work in balance. In this episode, we’ll explore how overemphasizing one dimension at the expense of others creates weaknesse...

1 Sep 202523min

Episode 39: Value Streams and Processes — Linking Activities to Results

Episode 39: Value Streams and Processes — Linking Activities to Results

The fourth dimension brings the focus back to how work is organized and delivered. In this episode, we’ll explain value streams as end-to-end sequences of activities that create value for customers. P...

1 Sep 202523min

Episode 38: Partners and Suppliers — External Support Explained

Episode 38: Partners and Suppliers — External Support Explained

The third dimension of service management highlights that no organization operates alone. Partners and suppliers play a critical role in delivering value, whether through hardware, software, cloud hos...

1 Sep 202523min

Episode 37: Cloud, Automation, and Emerging Tech in ITIL

Episode 37: Cloud, Automation, and Emerging Tech in ITIL

Technology never stands still, and ITIL 4 recognizes that organizations must embrace change while managing risks. In this episode, we’ll focus on how cloud services, automation, and emerging technolog...

1 Sep 202526min

Episode 36: Information and Technology — Tools That Enable Services

Episode 36: Information and Technology — Tools That Enable Services

The second dimension of service management, information and technology, provides the tools and data that enable modern services. In this episode, we’ll discuss how this dimension includes everything f...

1 Sep 202524min

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