Capability refers to the ability or capacity of an individual, organization, or system to perform specific tasks or functions. It encompasses the skills, resources, and knowledge required to achieve desired outcomes. For example, a company's capability in project management determines how effectively it can complete projects on time and within budget. In a broader context, capability can also relate to the potential for growth and development. This includes the ability to adapt to new challenges, innovate, and improve processes. For instance, a technology firm may enhance its capability by investing in research and development to create cutting-edge products.