QUESTION 1 In the age of 4IR and robotics, critique whether strategic HRD can exist in its current form. In your response, critically discuss the activities and characters of SHRD, and evaluate whether there is a space for it in 41IR. QUESTION 2 Examine what learnings organizations are and the changes it would have to undergo to accommodate robotics. QUESTION 3 With the current global business changes, especially around 4IR, examine the importance of risk management.
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
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Keep the taps on. We are fortunate, as a company and as an industry, that VC firms have spotted the opportunity and
the promise of robotics. Investments have been made, but they need to be followed up. Don't close your door to
robotics deals but continue to invest in those companies rapidly creating the solutions that will help solve this crisis,
and the next. I'm proud that SLAMcore is part of this great industry at this pivotal time. We all believe that robots are
a significant force for good, and that now more than ever, people are recognising the huge value we can add as an
industry. We are very well positioned to weather this storm, and to deliver this promising future, but our success is
reliant on a vibrant and competitive robotics ecosystem. Let's all do everything we can to make sure that our industry
thrives.
Source: https://www.roboticstomorrow.com/news/2020/04/01/act-now-to-support-the-robotics-ecosystem/15116/
QUESTION 1
In the age of 4IR and robotics, critique whether strategic HRD can exist in its current form. In your response, critically
discuss the activities and characters of SHRD, and evaluate whether there is a space for it in 4IR.
QUESTION 2
Examine what learnings organizations are and the changes it would have to undergo to accommodate robotics.
QUESTION 3
With the current global business changes, especially around 4IR, examine the importance of risk management.
QUESTION 4
With the advent of 4IR, comes an increased reliance on technology. Discuss the impact of HRIS and E-learning for
human resource practices in organisations.
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