Domain 4 of 7 · Chapter 5 of 6

Management Practices

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Included in this chapter:

  • What a management practice is, and what it is not
  • How practices resource the value chain and value streams
  • Two practice groups and the anatomy of a Practice Guide
  • Metrics, critical success factors, and the exam patterns

Testable terms of the management practices objective

TermWhat it isRecognition cue in a stem
Management practiceA set of organizational resources (people, processes, tools, information, partners) for performing work or accomplishing an objective'a set of resources designed to perform work'
General management practicesPractices adopted and adapted from general business management, applied broadly across the organization'adopted from general business management'
Product and service management practicesPractices developed specifically for managing digital products and services'developed specifically for digital products and services'
ITIL Practice GuideConsistent, detailed guidance for one practice, structured around the four dimensions plus purpose and key terms'structured around the four dimensions'; 'purpose and key terms'
MetricA measurement or calculation monitored or reported for management and improvement'a measurement monitored or reported'
Critical success factor (CSF)A necessary precondition for the achievement of intended results'a necessary precondition for success'

Decision tree

A set of organizationalresources forperforming work?The interconnectedactivities, thework itself?Directing andcontrolling theorganization?A necessaryprecondition forsuccess?A measurementmonitored orreported?Management practiceresources for work (two groups)Value chain activitythe work itselfGovernancedirects and controlsCritical success factora precondition for successMetrica measurement to trackYesYesYesYesYesNoNoNoNo

Cheat sheet

  • A management practice is a set of organizational resources
  • Practices provide resources that enable value chain activities
  • Practices are drawn upon within value streams
  • Version 5 organizes practices into two groups
  • What each practice group covers
  • Named individual practices are not examinable detail
  • Practice Guides are structured around the four dimensions
  • Practice Guides give consistent, practical guidance
  • A consistent format across all guides
  • A metric is a measurement used for management and improvement
  • A critical success factor is a necessary precondition for success

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References

  1. https://www.itil.com/Itil-News-and-Announcements/itil-version-5-foundation-whats-new-guide
  2. https://www.itil.com/Itil-News-and-Announcements/itil-version-5-explained
  3. https://www.peoplecert.org/browse-certifications/it-governance-and-service-management/ITIL-1/itil-5-foundation-version-50-4154