Which of the following best describes capability based planning?

Capability-based planning focuses on identifying the specific business capabilities an organization needs to possess or acquire to achieve its strategic objectives and desired business outcomes, rather than just focusing on projects or technologies.

While capabilities can span across organizational units, 'horizontal capabilities' is not the defining characteristic; the focus is on achieving business outcomes through those capabilities.

'Vertical capabilities' is not a standard or distinguishing term in the context of capability-based planning; the core concept remains achieving outcomes through defined capabilities.

Capability-based planning is a broader organizational and strategic planning technique for the enterprise as a whole, not specifically a human resource planning technique focused solely on architects.