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Peoplecert ITIL Foundation (Version 5) : ITILFNDv5

ITILFNDv5

Exam Code: ITILFNDv5

Exam Name: ITIL Foundation (Version 5)

Updated: Jul 15, 2026

Q & A: 143 Questions and Answers

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About Peoplecert ITIL Foundation (Version 5) certification

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Peoplecert ITIL Foundation (Version 5) Sample Questions:

1. Which of the following statements about the four dimensions of product and service management is CORRECT?

A) All four dimensions focus mainly on the activities of the service value chain
B) All four dimensions are critical to effective and efficient facilitation of value
C) All four dimensions apply only to product design and not to management practices
D) Each dimension on its own is sufficient to achieve the desired outcomes


2. An organization is planning to improve the existing service and wants to understand its current performance before making any changes. According to the principle 'Start where you are,' what could an organization consider when observing current performance of the service?

A) Involve people who have little or no prior knowledge of the service
B) Avoid applying risk management when reusing existing processes
C) Identify who the consumer is and why they use the service
D) Select the right message and method to communicate with stakeholders


3. How do 'utility' and 'warranty' together support value co-creation?

A) Utility focuses on cost control, while warranty focuses on risk avoidance
B) Utility ensures the service is fit for purpose, while warranty ensures it is fit for use
C) Utility ensures the service is fit for use, while warranty ensures it is fit for purpose
D) Utility and warranty apply only to products, not services


4. Which metric is MOST appropriate for assessing the success of the 'build' value chain activity?

A) Quality of the product solutions
B) Percentage of service requests fulfilled on first contact
C) Customer satisfaction score after service delivery
D) Number of incidents resolved within agreed targets


5. What influences whether a service is perceived as valuable by a consumer?

A) The amount of money the service provider invests in resources
B) The service provider's ability to minimize their operational costs
C) The extent to which the positive effects of the service outweigh the negative ones
D) The number of providers delivering the service to the consumer


Solutions:

Question # 1
Answer: B
Question # 2
Answer: C
Question # 3
Answer: B
Question # 4
Answer: A
Question # 5
Answer: C

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