Value Analysis with ITIL: How Utility and Warranty Contribute

By September 10, 2021 October 4th, 2021 Blogs
Value Analysis With ITIL

ITIL provides a flexible platform for companies that seek to add value by integrating various structures and methodologies into their service management operating models. 

ITIL can provide employees with focus and a sense of purpose, but it can also strengthen broader corporate goals and guide daily decision-making. As one of the fundamental building blocks of organizational subculture, values provide a consistent reference point, even in times of trade. 

How does ITIL add value? 

ITIL enables teams and individuals to benefit from IT and digital services at an optimal cost. This solution provides a clear functional model for service companies, tailored to customer needs and business approaches. 

Why is the combination: Utility and Warranty? 

Value Analysis with ITIL: How Utility and Warranty Contribute 2It’s critical to examine the influence of expenses and hazards on utility and warranty while evaluating a service. This is necessary in order to get a thorough view of a service’s feasibility. 

So the catch is that we can have help with extraordinary utility, however in case it isn’t offset with the right degrees of guarantee, clients will be sitting dead in the water trusting that assistance will open up. They will

likewise be worried about, will it be consistent, secure, and have sufficient ability to meet the unique degrees of interest I anticipate participating in? 

So let’s look at each of them and look at some examples to see how utility and warranty work together to deliver value. 

Let’s see it from a different angle that to achieve value, the product should fit the purpose and fit the use. 

In this section, we will look at two scenarios – a grocery store and a park:-

Value Analysis with ITIL: How Utility and Warranty Contribute 3A grocery store may offer good products and a great experience for the customers. Now consider this 

Scenario 1 

The utility of the store is not met when many products are not 

available on the store’s shelves and only expired items are provided, so the customers do not receive what they are expecting. (the store is not fit for use) 

Scenario 2 

In addition to the expected products being available aplenty, if the billing counter is broken and most of the staff are not present, then even if the utility is available, its warranty isn’t honored and the customer won’t receive the value they expect. 

Value Analysis with ITIL: How Utility and Warranty Contribute 4It is possible for a park to provide relaxation, rides, and a great experience to its visitors. Now consider this 

Scenario 1

When a significant number of the chairs are unavailable and rides are broken due to mechanical difficulties, the park is not performing its warranty obligations (it is not fit for use). Therefore, the consumers will not receive their expected value. 

Scenario 2 

In addition to the expected products being available aplenty, if the billing counter is broken and most of the staff are not present, then even if the utility is available, its warranty(purpose to give good experience) isn’t honored and the Customers won’t receive the value they expect. 

Let’s wrap up by summarizing below operator logic below 

The only way to fully understand this is to observe the activities we are constantly engaged in: visiting shopping malls, restaurants, airports, banks, etc. – look for the basic elements of IT. 

You can achieve utility in any of these three ways: 

  • It improves performance. 
  • It addresses constraints by removing or reducing/relaxing them.
  • It improves performance and reduces constraints. 

Warranty considerations are also important. The following four conditions must all be met in order to provide a warranty:

  • Is the service available enough? 
  • Is there enough capacity? 
  • Is it secure enough? 
  • Is it continual enough?

Value Analysis with ITIL: How Utility and Warranty Contribute 5

Sourav Tripathy

Sourav Tripathy

Senior Software Engineer with 6+ years if experience in AWS, ETL, Data warehousing development and support. AWS and ITIL certified.

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