Introduction : 1.7 Concepts and Terminology
   
1.7 Concepts and Terminology
Key service terms and concepts are defined as follows:
Service – A means of delivering value to consumers by facilitating outcomes that they want to achieve, without the ownership of specific costs or risks.
VMware Powered Public Cloud – A model for enabling ubiquitous, convenient, on-demand network access to a shared pool of configurable resources that can be provisioned rapidly and released with minimal management effort.
Cloud service provider (or provider) – An entity that provides VMware Powered Public Cloud services to consumers.
Consumer or customer – Someone who consumes VMware Powered Public Cloud services and defines or agrees to service-level targets.
Service-level target – A commitment that is documented in a service level agreement. Service-level targets are based on service-level requirements and verify that the cloud service design is fit for its purpose. Service-level targets must be SMART (Specific, Measurable, Actionable, Realistic, Time-bound) and are usually based on key performance indicators (KPIs).
Service level agreement (SLA) – An agreement between a service consumer and the service provider that measures the quality and performance of the available services. The SLA is the entire agreement that specifies what service is to be provided, how it is supported, time, locations, cost, performance, and responsibilities of the parties involved.
Service level objective (SLO) – A negotiated document that defines the service to be delivered to the consumer, with one or more KPIs. It provides a clear understanding of the nature of the service being offered, focusing on the contribution of the service to the business value chain. SLOs are specific, measurable characteristics of the SLA, such as availability, throughput, frequency, response time, or quality.
Operational level agreement (OLA) – An agreement internal to the service provider that details the interdependent relationships among the internal support groups of an organization working to support an SLA.
vCloud Suite – The suite of VMware technologies that provides the solution for cloud computing.
VMware vRealize Suite – The suite of VMware cloud management technologies that support the VMware Powered Public Cloud implementation model.