Capability
Guide for Effective Benefits Management in Major Projects, published by the Infrastructure and Projects Authority in October 2017, defines a capability as a: ‘Collection of business change and enablers implemented successfully in order for a function to operate as planned.’
Project Routemap, Setting up projects for success, Organisational Design & Development, UK Module, published by the Infrastructure and Projects Authority in 2021, states: ‘In the context of Routemap, capability describes the ability of the sponsor, client, asset manager and market to organise for effective and efficient delivery. It refers to all or part of an organisation, and not the individual.’
Asset Management – an anatomy, Version 4, published by The Institute of Asset Management in July 2024, defines measure of capacity and the ability of an entity (system or organization) to achieve its objectives Notes: (1) Asset management capabilities include processes, resources, competences and technologies to enable the effective and efficient development and delivery of asset management plans and asset life activities, and their continual improvement.’
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