The training and development of specific competencies, in the management domain, is a career-long process that involves a specialized kind of training, taking place both inside the organization, as well as in the more general ensemble of the professional and social environment. Competence refers to the process that leads to performance, the end result. Competence means to do; it must have a context and bring results. A competent person needs to know what to do in order to get to the expected result, needs to posess certain skills. Thus,the need for clearly defined standards, accessible and accredited, to relate those abilities of a competent person to.