Understanding the Level of Risk During and After Change and Providing

question 501

Multiple Choice

Understanding the level of risk during and after change and providing confidence in the degree of compliance with governance requirements during change are both ways of adding business value through which part of the service lifecycle?

• A) Service Transition
• B) Risk Management
• C) IT Service Continuity Management
• D) Availability Management

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Definitions:

Work in Process

Partially finished goods that are still in the production process at a specific point in time.

Current Period

The current period in accounting refers to the most recent or ongoing accounting period, for which financial activities and transactions are being recorded and analyzed.

Labor Cost Variance

The difference between the actual labor costs incurred and the standard or expected labor costs for a given period.

Budgeted Hours

The estimated amount of time or work hours allocated for specific tasks or projects within a budget period.