Difference between revisions of "Standard"

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(Definitions)
(Definitions)
 
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:[[Standard]]. A document, established by consensus and approved by a recognized body, that provides for common and repeated use, mandatory requirements, guidelines, or characteristics for its subject.
 
:[[Standard]]. A document, established by consensus and approved by a recognized body, that provides for common and repeated use, mandatory requirements, guidelines, or characteristics for its subject.
  
[[Category: Information Technology]]
+
[[Category: Information Technology]][[Category: Accounting]][[Category:Articles]][[Category: Management]]
According to the [[ITIL Foundation 4e by Axelos]],
 
:[[Status]]. A description of the specific states an entity can have at a given time.
 
 
 
[[Category: Information Technology]]
 
According to the [[ITIL Foundation 4e by Axelos]],
 
:[[Supplier]]. A stakeholder responsible for providing services that are used by an organization.
 
 
 
[[Category: Information Technology]]
 
According to the [[ITIL Foundation 4e by Axelos]],
 
:[[System]]. A combination of interacting elements organized and maintained to achieve one or more stated purposes.
 
 
 
[[Category: Information Technology]]
 
According to the [[ITIL Foundation 4e by Axelos]],
 
:[[Transaction]]. A unit of work consisting of an exchange between two or more participants or systems.
 
 
 
[[Category: Information Technology]]
 
According to the [[ITIL Foundation 4e by Axelos]],
 
:[[Use case]]. A technique using realistic practical scenarios to define functional requirements and to design tests.
 
 
 
[[Category: Information Technology]]
 
According to the [[ITIL Foundation 4e by Axelos]],
 
:[[User]]. A person who uses services.
 
 
 
[[Category: Information Technology]]
 
According to the [[ITIL Foundation 4e by Axelos]],
 
:[[Utility]]. The functionality offered by a product or service to meet a particular need. Utility can be summarized as ‘what the service does' and can be used to determine whether a service is ‘fit for purpose'. To have utility, a service must either support the performance of the consumer or remove constraints from the consumer. Many services do both.
 
 
 
[[Category: Information Technology]]
 
According to the [[ITIL Foundation 4e by Axelos]],
 
:[[Validation]]. Confirmation that the system, product, service, or other entity meets the agreed specification.
 
 
 
[[Category: Information Technology]]
 
According to the [[ITIL Foundation 4e by Axelos]],
 
:[[Value]]. The perceived benefits, usefulness, and importance of something.
 
 
 
[[Category: Information Technology]]
 
According to the [[ITIL Foundation 4e by Axelos]],
 
:[[Vision]]. A defined aspiration of what an organization would like to become in the future.
 
 
 
[[Category: Information Technology]]
 
According to the [[ITIL Foundation 4e by Axelos]],
 
:[[Warranty]]. Assurance that a product or service will meet agreed requirements. Warranty can be summarized as ‘how the service performs' and can be used to determine whether a service is ‘fit for use'. Warranty often relates to service levels aligned with the needs of service consumers. This may be based on a formal agreement, or it may be a marketing message or brand image. Warranty typically addresses such areas as the availability of the service, its capacity, levels of security, and continuity. A service may be said to provide acceptable assurance, or 'warranty', if all defined and agreed conditions are met.
 
 
 
[[Category: Information Technology]]
 
According to the [[ITIL Foundation 4e by Axelos]],
 
:[[Waterfall method]]. A development approach that is linear and sequential with distinct objectives for each phase of development.
 
 
 
[[Category: Information Technology]]
 
According to the [[ITIL Foundation 4e by Axelos]],
 
:[[Workaround]]. A solution that reduces or eliminates the impact of an incident or problem for which a full resolution is not yet available. Some workarounds reduce the likelihood of incidents.
 
 
 
[[Category: Information Technology]]
 
 
 
[[Category: Accounting]][[Category:Articles]][[Category: Management]]
 

Latest revision as of 18:03, 11 December 2020

Standard is a carefully determined price, cost, or quantity that is used as a benchmark for judging performance. It is usually expressed on a per unit basis.

Definitions

According to Cost Accounting by Horngren, Datar, Rajan (14th edition),

Standard. A carefully determined price, cost, or quantity that is used as a benchmark for judging performance. It is usually expressed on a per unit basis.

According to the ASME EMBOK,

Standard. A description established by authority, custom, or general consent as a model of performance, quality, etc.; also, an established rule of measurement.

According to the ITIL Foundation 4e by Axelos,

Standard. A document, established by consensus and approved by a recognized body, that provides for common and repeated use, mandatory requirements, guidelines, or characteristics for its subject.