IT4IT™ Reference Architecture, Version 2.0 is The Open Group standard that describes a reference architecture and value chain-based operating model for managing the business of IT. IT4IT™ standard uses the value chain approach to create a model of functions that IT performs. This framework identifies the key activities that IT must do to contribute to business competitiveness. In IT4IT™ Reference Architecture, Version 2.0 the IT professionals will find the value chain framework and reference architecture that defines integrated management framework focused on lifecycle of services.