Which of the following best describes "Managed" maturity level?

The "Managed" maturity level is characterized by processes that are planned, documented, performed, monitored, and controlled. This means that while there is a clear definition of processes, they are also guided by organizational policies to ensure consistency and repeatability. By standardizing processes, organizations at the "Managed" level can ensure that they are able to achieve baseline performance and reliability in the outcomes of their projects.

Having processes that are executed according to policies allows organizations to collect data about performance, which can then be used for making informed decisions. This adherence to planned processes distinguishes the "Managed" maturity level from other levels where processes may be either poorly defined, highly adaptable without systematic approach, or focused solely on optimization without formal management strategies.

Therefore, the emphasis on planning, execution according to established policies, and control mechanisms at this level ensures that processes can be managed effectively, setting the stage for future improvements and higher maturity levels.