The new ITIL 4 Foundation which is an update from ITIL v3/2011 was launched on 18 February 2019. ITIL 4 is a new certification scheme that will slowly replace the existing scheme it is based on the transformation to a digital environment. It is designed to offer a clearer career path for professionals from Foundation to higher levels. There is no Bridge exam for current ITIL Foundation holders to ITIL 4 Foundation. Candidates who hold the current ITIL Foundation will need to take the ITIL 4 Foundation to be certified in the new scheme or they would need to accumulate 17 ITIL v3 credits and then take the transition module.
IT Financial Management comprises the discipline of ensuring the IT infrastructure is obtained at the most effective price (which does not necessarily mean cheapest) and calculating the cost of providing IT services so an organization can understand the costs of its IT services. These costs may then be recovered from the customer of the service. This is the second component of the service delivery process.
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However, increasingly certifications (or rather ITIL certification) and training programs are becoming a ‘thing to add in your resume’, and not delivering the value they are supposed to bring. During my casual conversations at events and meet-ups, a common underlying theme has been about the mismatch between the performance of people (with certifications) and the knowledge they have gained from those certifications.
ITIL Practitioner was added in July 2016 and earns candidates 3 credits toward their ITIL Expert certification. It is considered the next step after the ITIL Foundation, which is a prerequisite. An ITIL Practitioner will be able to explain how to use the ITIL framework to support business objectives, and focuses on organizational change management, communication, measurement and metrics.
So, is it worth the buck? Definitely yes, if you’re able to demonstrate the value of your knowledge in your work. Having spoken to a sizeable number of IT consultants, practitioners, IT agents, I have seen that people who succeed with an ITIL certification are those who have put an effort into earning their certificate, and not just seen it as a way of checking a box for their career. Your goal should be acquiring knowledge and putting it in practice, measuring the impact of your work and not just ‘passing’ the certification.
ITIL Master Badge (Purple, with the letter M in the middle). Currently in pilot phase this qualification has no training course or exam associated with it. To gain qualification as an ITIL Master, candidates have to have his/her work peer-reviewed by a panel of experts. Once an ITIL Expert has achieved this status, the ITIL Master can wear a lapel pin based on the colour of the ITIL Service Design book, which also has a Gold M in the centre.