Model
Model is an abstraction of reality, a simplified representation of some real-world phenomenon.
Definitions
According to Organizational Behavior by Robbins and Judge (17th edition),
- Model. An abstraction of reality, a simplified representation of some real-world phenomenon.
According to Principles of Economics by Timothy Taylor (3rd edition),
- Model. A simplified representation of an object or situation that includes enough of the key features to be useful.
According to Macroeconomics by Mankiw (7th edition),
- Model. A simplified representation of reality, often using diagrams or equations, that shows how variables interact.
According to the BABOK Guide (3rd edition),
- Model. A representation and simplification of reality developed to convey information to a specific audience to support analysis, communication, and understanding.
According to the ITIL Foundation 4e by Axelos,
- Model. A representation of a system, practice, process, service, or other entity that is used to understand and predict its behaviour and relationships.
According to the ITIL Foundation 4e by Axelos,
- Modelling. The activity of creating, maintaining, and utilizing models.
According to the ITIL Foundation 4e by Axelos,
- Monitoring. Repeated observation of a system, practice, process, service, or other entity to detect events and to ensure that the current status is known.
According to the ITIL Foundation 4e by Axelos,
- Operation. The routine running and management of an activity, product, service, or other configuration item.
According to the ITIL Foundation 4e by Axelos,
- Organization. A person or a group of people that has its own functions with responsibilities, authorities, and relationships to achieve its objectives.
According to the ITIL Foundation 4e by Axelos,
- Outcome. A result for a stakeholder enabled by one or more outputs.
According to the ITIL Foundation 4e by Axelos,
- Outsourcing. The process of having external suppliers provide products and services that were previously provided internally.
According to the ITIL Foundation 4e by Axelos,
- Partnership. A relationship between two organizations that involves working closely together to achieve common goals and objectives.
According to the ITIL Foundation 4e by Axelos,
- Performance. A measure of what is achieved or delivered by a system, person, team, practice, or service.
According to the ITIL Foundation 4e by Axelos,
- Plan. The value chain activity that ensures a shared understanding of the vision, current status, and improvement direction for all four dimensions and all products and services across an organization.
According to the ITIL Foundation 4e by Axelos,
- Policy. Formally documented management expectations and intentions, used to direct decisions and activities.
