ITIL-4-Foundation Exam Dumps - ITIL 4 Questions and Answers

In ITIL 4, the IT asset management practice is concerned with managing IT assets so that their value is maximized, and financial, legal, and operational risks are controlled. An IT asset is defined as any financially valuable component that can contribute to the delivery of a service.

The purpose of IT asset management includes:

Making sure IT assets are used effectively

Ensuring that IT assets are accounted for and controlled

Supporting decision-making about purchase, re-use, retirement, and disposal of IT assets

This matches option B exactly:

“Supporting decision-making about purchase, re-use, retirement, and disposal of assets.”

Why the other options are not correct:

A. Moving assets to live or other environments for testing or stagingThis is part of deployment management, whose purpose is to move new or changed components to live or test environments.

C. Making new and changed assets available for useThis relates more to release management and deployment management — getting releases into use and making them available to customers and users.

D. Providing information on how assets are configured and the relationships between themThis is the core of service configuration management, which focuses on configuration items, their attributes, and relationships in configuration records (often stored in a CMDB or CMIS).

Therefore, B is correct because it reflects the core decision-support and lifecycle focus of IT asset management.

References (ITIL 4 Foundation):

ITIL® Foundation: ITIL 4 Edition – Practice guide overview, IT Asset Management (purpose and definition of IT assets)

ITIL® Foundation: ITIL 4 Edition – Summary of the 15 ITIL practices

The purpose of the change enablement practice is to maximize the number of successful IT changes by ensuring that risks have been properly assessed, authorizing changes to proceed, and managing the change schedule.

The Obtain/Build activity is responsible for ensuring that all service components are available when and where needed, and that they meet the agreed specifications.

https://www.beyond20.com/blog/what-is-the-itil-4-service-value-chain/#:~:text=The%20Obtain%2FBuild%20activity%20is,they%20meet%20the%20agreed%20specifications.

A service request is defined as a request from a user or a user’s authorized representative that initiates a service action which has been agreed as a normal part of service delivery.

The purpose of the service request management practice is to support the agreed quality of a service by handling all pre-defined, user-initiated service requests in an effective and user-friendly manner. Service request management is dependent upon well-designed processes and procedures, which are operationalized through tracking and automation tools to maximize the efficiency of the practice. To be handled optimally, service request management should follow these guidelines:

Service requests and their fulfilment should be standardized and automated to the greatest degree possible.

Policies should define which service requests will be fulfilled with limited or even no additional approvals so that fulfilment can be streamlined.

The expectations of users regarding fulfilment times and costs should be clearly set, based on what the organization can realistically deliver.

Opportunities for improvement should be identified and implemented to produce faster fulfilment times and take advantage of automation.

https://www.bmc.com/blogs/itil-service-request-management/

In ITIL 4, the service level management practice is responsible for setting clear, agreed targets for service performance and ensuring that services are delivered in line with these targets.

A key tool used in this practice is the service level agreement (SLA). An SLA is an agreement between a service provider and a customer that:

Defines the expected level of service

Documents specific, measurable service targets (such as availability, response time, resolution time)

Provides a basis to monitor and measure performance against those targets

Because SLAs describe measurable service targets and are used to assess whether the service provider is meeting those targets, they are explicitly used as a tool to help define and measure performance. This aligns directly with the wording in the question.

A. A continual improvement register (CIR)The CIR is used in the continual improvement practice to record, track, and manage improvement opportunities and activities. It supports managing improvements, not defining and measuring service performance targets.

B. An incident recordThis belongs to the incident management practice. Incident records are used to log, manage, and track incidents (unplanned interruptions or reductions in service). They are not designed as tools to define or measure ongoing service performance.

C. A change schedulePart of the change enablement practice, the change schedule is used to plan and communicate the timing of changes. It coordinates when changes will occur but does not define or measure service performance levels.

Therefore, the correct answer is D. A service level agreement, as it is the formal tool used to define and measure service performance in ITIL 4.

ITIL 4 Foundation: Service level management practice – purpose and key terms (including service level agreements)

ITIL 4 Foundation: Concept of SLAs as documents that define and measure service performance targets

ITIL 4 Foundation: Overviews of Continual Improvement, Incident Management, and Change Enablement practices and their key records (CIR, incident records, change schedules)

The purpose of the improve value chain activity is to ensure continual improvement of products, services, and practices across all value chain activities and the four dimensions of service management.

https://wiki.process-symphony.com.au/framework/lifecycle/service-value-systemitil-4/#:~:text=The%20purpose%20of%20the%20improve,four%20dimensions%20of%20service%20management.

In ITIL, there are six activities in the service value chain which represent the steps an organization takes in the creation of value:

Plan

Engage

Design and Transition

Obtain/Build

Deliver and Support

Improve

https://www.bmc.com/blogs/itil-service-value-chain/

Obtain/build is one of the six activities of the service value chain, which is a set of interconnected activities that an organization performs to deliver a valuable product or service to its consumers and to facilitate value realization1. Obtain/build activity relates with buying new products, as well as designing, developing, and testing new or changed service components2. This activity ensures that service components are available when and where they are needed and meet agreed specifications3. References: ITIL Foundation - ITIL 4 Edition, page 10; ITIL® 4 – A Pocket Guide, page 21; ITIL® 4 Practice Guide: Service Value Chain, page 9.

Don’t start from scratch and build something new without considering what you already have. It’s almost always better to improve what you currently have than to throw it all away and start again, although you must also be able to recognise when a complete replacement is, in fact, needed.

Not only is this approach less wasteful than starting from scratch – because it preserves value that you already have – but it also helps you to keep your people on board. They’re much more likely to support the changes you need if their previous contributions have been appropriately valued.

Don’t rely on metrics and reports to tell you what the current situation is. When you carry out an assessment you should observe what is happening for yourself, and just use the metrics to support your observations.

https://www.sysaid.com/blog/itil/the-7-guiding-principles-of-itil-4-practical-advice-to-help-you-make-decisions

A service relationship is defined as the cooperation between a service provider and service consumer. Service relationships are established between two or more organizations to co-create value. An organization can play the role of provider or consumer interchangeably, depending on the situation.

https://www.bmc.com/blogs/itil-key-concepts-service-management/#:~:text=and%20stakeholder%20management.-,Service%20Relationships,interchangeably%2C%20depending%20on%20the%20situation.