Capability is a broad term to cover learning (knowledge acquisition), skills, and the practical application of these while drawing on expertise, experience and shared understanding. This can be an individual characteristic or in aggregate, a corporate one. These elements of modern life at all levels are becoming crucial as high value jobs and processes increasingly demand rapid access to individuals with the right skills and knowledge for a situation. This can be thought of as:
- Learning – acquiring skills, understanding and expertise for their application across projects and activities
- Knowledge – is what we know, what is in our heads – this results from learning.
- Expertise – who and where are the subject matter experts to bring into the projects, teams and networks as and when required?
- Talent management – establishing and maintaining the networks and traces of the talented people in an organisation and beyond.