Which of the following is a component of Service Portfolio Management?

Study for the IT Service Management (ITSM) Fundamentals Test. Prepare with flashcards and multiple choice questions, each question includes detailed explanations. Get ready for success!

Service Portfolio Management is an essential process within IT Service Management that focuses on managing the service lifecycle, ensuring that services are aligned with business needs and delivering value. The Service Portfolio itself consists of three main parts: the Service Pipeline (services being developed), the Service Catalog (services currently available or in use), and retired services.

The Service Catalog is a critical component of Service Portfolio Management because it provides a structured listing of all live services, including their descriptions, dependencies, and how customers can utilize them. It acts as a single source of truth for users and stakeholders, facilitating transparency and communication about available services. By maintaining an accurate and up-to-date Service Catalog, organizations can effectively manage their services and align them with business objectives.

On the other hand, Customer feedback, Incident resolution, and Service level agreements, while important in their own right, are not direct components of Service Portfolio Management. Customer feedback informs service improvements and modifications, Incident resolution is related to service operations, and Service level agreements define expectations for service delivery but do not constitute a part of the Service Portfolio itself. Thus, the Service Catalog distinctly represents a core element of Service Portfolio Management, as it directly deals with the management and communication of services to customers.

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