ITIL Service Lifecycle
ITIL Service Lifecycle is a framework consisting of processes for effectively managing the service lifecycle of any product or service offered by an organization. Although it is an approach for IT Service Management (ITSM), it can be used by any organization irrespective of its size to manage the full lifecycle of not only the IT services but any service that it offers. Service lifecycle helps to improve the service management technique by using five processes to achieve better business performance.