Choice "B" is correct. Value delivery is one of the five focus areas identified by COBIT for IT governance. Value delivery anticipates execution of the IT value proposition throughout the delivery cycle such that IT services consistently satisfy customer requirements. Other areas of IT governance include:
Strategic alignment
Resource management
Risk management
Performance measurement
Choice "d" is incorrect. Systems analysis is an important IT activity, but it is not a focus area of IT governance identified in the COBIT framework.Choice "c" is incorrect. Programming is an important IT activity, but it is not a focus area of IT governance identified in the COBIT framework.
Choice "a" is incorrect. Operations are an important IT activity, but it is not a focus area of IT governance identified in the COBIT framework.