ITIL® 4: Costs and Risks (eLearning 6/25)

[Lesson 6 of 25, full course available at Mplaza.training ]
This video is part of the ITIL® 4 Foundation eLearning Course, by Ivor Macfarlane (co-author of ITIL®). ITIL® is the most popular guide for IT Service Management. Foundation is the first level of certification in ITIL®. After you become certified, you have the option to proceed to the Practitioner, Intermediate, Expert, and Master levels. Most people who are certified in ITIL® find the Foundation certificate sufficient for their goals.
Full ITIL® 4 Foundation eLearning Course
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The entire course is available at Mplaza.training. The course offers everything you need to learn ITIL® 4 and prepare for the ITIL® Foundation exam. The whole course includes 25 lessons, which is equivalent to a 2-day classroom course. It contains a sample exam, multiple quizzes, and access to the trainer. You can watch the first 30% (11 of the 25 videos) for free on this channel.
Useful links:
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Full eLearning course: mplaza.trainin...
Exam simulator: mplaza.trainin...
Official exam: mplaza.trainin...
IP
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ITIL®, PRINCE2®, PRINCE2 Agile®, MSP®, M_o_R®, P3O®, MoP® and MoV® are registered trade marks of AXELOS Limited, used under permission of AXELOS Limited. All rights reserved.

[@jose.albuquerque]

🎯 Key points for quick navigation:
00:16 *📊 Understanding Costs*
- Costs can be divided into costs imposed on the consumer and costs removed from the consumer by the service.
- Different types of costs like licensing costs, convenience costs, and compliance costs impact the consumer.
02:15 *💡 Understanding Risks*
- Risk is defined as a possible event that could cause harm or loss or make it difficult to achieve objectives.
- Risk management involves understanding uncertainties and making balanced decisions based on the level of risk acceptable to the organization.
- Risk varies in context based on the organization's nature, from being risk-averse in critical sectors like aviation to being risk-tolerant in areas like research and development.
Made with HARPA AI

[@leximusmaximus4593]

Good introduction to ITIL risk management. Thank you.

[@treyspilker4585]

Great video on cost and risk management!

[@calmlyness]

Very nicely explained! Thank you!
:)

[@AmandeepKaur-tt9pg]

Awesome content

[@saltybalot3021]

Risk management in a nutshell:
*NAH I'D WIN*

[@skysum5]

Good one!

[@fhamidkhan]

What’s the risk of winning the lottery 😂

[@VNE435]

ital6