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IT Infrastructure Library Dictionary - ITIL v3

 

A - Z ITIL Glossary

 

  O-Q

 

Operational Costs
Those costs resulting from the day-to-day running of the IT services section, e.g., staff costs, hardware maintenance and electricity, and relating to repeating payments whose effects can be measured within a short time-frame, usually less than the 12-month financial year.

Operational Level Agreement (OLA)
An internal agreement covering the delivery of services which support the IT organization in their delivery of services.

opportunity cost (or true cost)
The value of a benefit sacrificed in favor of an alternative course of action. 

Package Assembly/Disassembly Device (PAD)
A device that permits terminals, which do not have an interface suitable for direct connection to a packet switched network, to access such a network. A PAD converts data to/from packets and handles call set-up and addressing.

Paging
The I/O necessary to read and write to and from the paging disks: real (not virtual) memory is needed to process data. With insufficient real memory, the operating system writes old pages to disk, and reads new pages from disk, so that the required data and instructions are in real memory.

PD0005
Alternative title for the BSI publication "A Code of Practice for IT Service Management".

percentage utilization
The amount of time that a hardware device is busy over a given period of time. For example, if the CPU is busy for 1800 seconds in a one-hour period, its utilization is said to be 50%.

Performance Criteria
The expected levels of achievement which are set within the SLA against specific Key Performance Indicators.

PRINCE2 (Third Edition 2002)
The current version of PRINCE.

Problem Management
Process that minimizes the effect on customer(s) of defects in services and within the infrastructure, human errors and external events.

process
A connected series of actions, activities, changes, etc., performed by agents with the intent of satisfying a purpose or achieving a goal.

provider
The organization concerned with the provision of IT services.

Quality of Service
An agreed or contracted level of service between a service customer and a Service Provider.

 

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