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ITSM
Service Value System
Quick Definition
The overarching model in ITIL® 5 that describes how all components and activities work together to create value through IT-enabled services.
Detailed Explanation
The SVS is the core architectural model of ITIL® 5. It takes opportunity and demand as inputs and produces value as output. The five components — guiding principles, governance, service value chain, practices, and continual improvement — interact dynamically to enable value creation.
Unlike ITIL® v3's linear service lifecycle, the SVS is flexible and non-sequential. Different value streams traverse different paths through the system depending on the type of work being performed.
The SVS ensures that all aspects of service management — from strategy and governance to operations and improvement — are connected and aligned toward delivering stakeholder value.
Related Terms
Relevant Frameworks
ITIL