Free ITIL ITIL-4-Transition Practice Exam with Questions & Answers

According to ITIL 4, an effective control environment is one that ensures that the organization’s objectives are achieved in a reliable and compliant manner1. Effective controls are the mechanisms that prevent, detect, or correct errors, fraud, or non-compliance in the organization’s processes and activities2. Some of the characteristics of effective controls are that they are aligned with the organization’s goals, policies, and standards, they are proportionate to the level of risk, they are consistent and transparent, they are regularly monitored and reviewed, and they are responsive to changes and improvements3.

In the scenario given, the legacy financial system requires the user to manually enter the time and date of the transaction to meet regulatory requirements, but these fields are often blank. This indicates a lack of compliance and accuracy in the financial reporting process, which could expose the organization to legal, financial, or reputational risks. Therefore, some effective controls that could improve compliance are:

Modify the application to automatically add the current time and date when transaction is entered. This is a preventive control that reduces the risk of human error or omission by ensuring that the required information is always captured and recorded in the system. This control also enhances the efficiency and reliability of the process by eliminating the need for manual input.

Create a report showing non-compliant records and take action to correct. This is a detective and corrective control that identifies and resolves any instances of non-compliance or inaccuracy in the financial records. This control also provides feedback and evidence for the performance and effectiveness of the process and the controls.

The other options are not effective controls for improving compliance in this scenario because they do not directly address the root cause of the problem or provide a specific solution. Establishing a communication plan to remind users of the importance of time and date on transactions is a good practice, but it does not guarantee that the users will follow the instructions or comply with the requirements. Developing a goals cascade so all staff know their role in achieving company goals is a strategic activity, but it does not specify how the financial reporting process or the legacy system will be improved or controlled. Therefore, the best answer is D. 1 and 4. References:

1: ITIL 4 Managing Professional: Transition Module | Axelos

2: ITIL® 4 Managing Professional Transition Course Online - Simplilearn

3: ITIL 4 MP Transition: a transformed framework | Axelos

4: Internal Controls for Better Compliance | Reducing Risk

5: Internal Controls: The Definitive Guide for Risk and Compliance Professionals — RiskOptics

6: How to Establish an Effective Control Environment

 The best approach for validating service value in a partnership relationship with a service consumer is to work together to identify methods of checking service value and check that value propositions are still valid. This is because this approach aligns with the ITIL 4 guiding principles of focus on value, collaborate and promote visibility, and progress iteratively with feedback1.

By working together, the service provider and the service consumer can co-create value and ensure that the services delivered meet the needs and expectations of the service consumer and other stakeholders. They can also share information and feedback, and adjust the services accordingly to respond to changing requirements and opportunities. Moreover, they can jointly define the criteria and indicators for measuring and validating the value of the services, such as the outcomes, costs, risks, and benefits23.

The value propositions of the services are the statements that describe the benefits and value that the services offer to the service consumer and other stakeholders. They are based on the understanding of the service consumer’s needs, preferences, and goals. The value propositions should be regularly reviewed and validated to ensure that they are still relevant and accurate, and that they reflect the current and future value of the services45.

The other options are not the best approach for validating service value, because they are either too narrow, too passive, or too reactive. They do not involve the active collaboration and co-creation of value between the service provider and the service consumer, nor do they account for the complexity and agility of the services provided.

Comprehensive Explanation:

Service level management is responsible for:

Ensuring services meet agreed service levels

Conducting service reviews with customers

Verifying that services continue to meet customer needs

Therefore, Option B is correct.

This working practice is not focused on creating value because it does not involve the customers or users in defining the requirements and expectations of the service. It also assumes that the developers’ previous experience is relevant and sufficient for the current situation, which may not be the case. This practice may lead to delivering a service that does not meet the needs and preferences of the customers or users, or that is not aligned with the organization’s strategy and objectives. References:

ITIL 4 Managing Professional Transition Module Sample Paper - English1, page 6, question 1, answer A

ITIL 4 Foundation: ITIL 4 Edition2, page 67, section 4.1.1, paragraph 2

ITIL 4 Managing Professional: Create, Deliver and Support3, page 9, section 1.1, paragraph 3

ITIL 4 Managing Professional: Direct, Plan and Improve4, page 11, section 1.1, paragraph 2

Comprehensive Explanation:

ITIL defines the three phases of problem management in this order:

Problem identification – recognizing actual or potential causes of incidents

Problem control – analyzing, diagnosing, and prioritizing problems

Error control – managing known errors and workarounds

The sequence in Option C exactly matches this lifecycle.

Thus, Option C is correct.

Comprehensive Explanation:

The Continual Improvement practice explicitly requires:

A culture of improvement

Participation from everyone in the organization

Ongoing identification of opportunities

Organizational mindset aligned with continuous enhancement

ITIL 4 emphasizes that continual improvement is not limited to a single team—it must become an organizational culture.

Thus, Option C is correct.

According to ITIL 4, value is co-created by two stakeholders in the service relationship: the consumer and the provider. The consumer is the person or organization that defines the requirements for a service and takes responsibility for the outcomes of service consumption. The provider is the person or organization that provides services to consumers. Value is co-created when the consumer and the provider collaborate and communicate to ensure that the service meets the consumer’s needs, expectations, and outcomes. Value is not delivered by the provider alone, but rather emerges from the interactions between the provider and the consumer. The other options are not correct, as they do not involve the consumer and the provider. The supplier is a person or organization that provides goods or services to the provider, but does not directly co-create value with the consumer. The investor is a person or organization that provides funding or resources for the provider, but does not directly co-create value with the consumer. References:

ITIL 4 and value co-creation | Axelos1

ITIL 4 – from creating value to co-creating value | Axelos2

What is co-creation in ITIL 4? - QRP International - Belgium3

Deriving Value Through Cocreation: ITIL And Other Best Practices Frameworks4

The value chain activity that ensures that products and services continually meet stakeholder expectations for quality, costs and time to market is design and transition. This activity involves the following steps12:

Defining the requirements and specifications of the products and services based on the demand and feedback from the customers and other stakeholders.

Designing the products and services according to the requirements and specifications, as well as the best practices and standards of the organization and the industry.

Developing and testing the products and services to ensure that they meet the quality criteria and the expected outcomes.

Deploying and releasing the products and services to the customers and users, ensuring that they are ready for use and operation.

Validating and evaluating the products and services to ensure that they deliver the intended value and meet the stakeholder expectations.

Transitioning the products and services from the development stage to the operational stage, ensuring that they are integrated with the existing processes, systems and resources of the organization. References: 1: ITIL 4 Create, Deliver and Support, AXELOS, 2019, p. 23-24 2: Value Chain Activity: Design & Transition - Altervista, 3

This is the best approach because it ensures that the policy is aligned with the needs and expectations of all the parties involved in incident management. It also fosters a culture of collaboration and trust among the teams, which can improve the efficiency and effectiveness of incident resolution. By involving all the teams in the policy development, the organization can also leverage the experience and knowledge of the staff, and identify any potential gaps or issues that may arise in the incident management process. This approach is consistent with the ITIL 4 guiding principles of collaborate and promote visibility, focus on value, and keep it simple and practical12. References:

ITIL 4 Managing Professional Transition Module Sample Paper - English3, page 7, question 2, answer B

ITIL 4 Foundation: ITIL 4 Edition4, page 20, section 2.3, paragraph 2

ITIL 4 Managing Professional: Create, Deliver and Support5, page 10, section 1.1, paragraph 4

ITIL 4 Managing Professional: Direct, Plan and Improve, page 12, section 1.1, paragraph 3