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What is meant by the term 'problem management practice'?

  1. The practice of generating new products

  2. The process of responding to customer queries

  3. The practice of reducing the likelihood and impact of incidents

  4. The coordination of different projects

The correct answer is: The practice of reducing the likelihood and impact of incidents

The term 'problem management practice' refers specifically to the systematic approach aimed at minimizing the likelihood of incidents occurring and minimizing the impact of those incidents that cannot be prevented. This practice involves identifying the root causes of recurrent issues (problems) that lead to incidents within an IT service environment. By analyzing and addressing these root causes, organizations can implement solutions that not only resolve immediate incidents but also prevent future occurrences, leading to improved service quality and customer satisfaction. Within the framework of ITIL 4, effective problem management ensures that the organization learns from incidents and prevents their recurrence through root cause analysis and proactive measures. This is a critical capability in maintaining service reliability and efficiency, thus enhancing the overall value delivered to stakeholders.