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Exam Glossary - V

Exam Glossary

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Term Main definition
validation

Confirmation that the system, product, service, or other entity meets the agreed specification.

value

The perceived benefits, usefulness, and importance of something.

value proposition

An explicit promise made by a service provider to its customers that it will deliver a particular bundle of benefits.

value stream

A series of steps an organization undertakes to create and deliver products and services to consumers.

value stream map

A visual representation of a service value stream which shows the flow of work, information, and resources.

value stream mapping

A Lean management technique to visualize the steps needed to convert demand into value, used to identify opportunities to improve.

value streams and processes

One of the four dimensions of service management. It defines the activities, workflows, controls, and procedures needed to achieve the agreed objectives.

version control

The administrative management of sources and artefacts of information systems, products, and services.

vision

A defined aspiration of what an organization would like to become in the future.

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