Capability management in business quickly or would not be very different from competitors' capabilities). Enabling capabilities are distinguished from supplemental capabilities in that they are required, but do not necessarily add value to core capabilities. A business capability is "what" a company needs to do to execute its business strategy (e.g., enable ePayments, tailor solutions at point of sale, demonstrate product concepts with customers, combine elastic and non-elastic materials side by side, etc.). Another way to think about a capability is that it is an assembly of people, process and technology for a specific purpose. Capability Management is the active management, over time, of
Professional Petroleum Data Management Association Professional Petroleum Data Management Association The Professional Petroleum Data Management Association (PPDM Association) is a global, not-for-profit organization that works collaboratively within the petroleum industry to create and promote standards and best practices for data management. The Association’s vision is the global adoption of data management standards and best practices throughout the upstream (exploration and production) petroleum industry. The focus of the Association is: Historically, petroleum data has been managed and analyzed using many different proprietary systems. These systems are typically built based on local terminology and business needs, and use different practices for identifying, gathering, transferring and interpreting information.