Which strategic HR planning tool visualizes potential internal successors for key managerial positions alongside their current readiness levels and performance ratings?
AReplacement Chart
BMarkov Matrix
CSkill Inventory
DWorkforce Dashboard
Explanation
• Replacement Charts visually map key executive roles, listing potential internal successors and rating their promotion readiness (e.g., ‘Ready Now’, ‘Ready in 1 Year’).
• Skills Inventories maintain records of employee capabilities across the workforce.
• Markov Matrices project statistical flow rates.
Exam Relevance
- Topic: Human Resource Planning
- Subtopic: Replacement Charts

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