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Event chain methodology is a network analysis technique that is focused on identifying and managing events and relationship between them (event chains) that affect project schedules. It is an uncertainty modeling schedule technique. Event chain methodology is an extension of quantitative project risk analysis with Monte Carlo simulations. It is the next advance beyond critical path method and critical chain project management.[1] Event chain methodology tries to mitigate the effect of motivational and cognitive biases in estimating and scheduling.[2] It improves accuracy of risk assessment and helps to generate more realistic risk adjusted project schedules.[3]

Mitigation plan

If an event or event chain occurs during the course of a project, it may require some risk response effort.

Risk response plans execution are triggered by events, which occur if an activity is in an excited state. Risk response events may attempt to transform the activity from the excited s

If an event or event chain occurs during the course of a project, it may require some risk response effort.

Risk response plans execution are triggered by events, which occur if an activity is in an excited state. Risk response events may attempt to transform the activity from the excited state to the ground state. Response plans are an activity or group of activities (small schedule) that augment the project schedule if a certain event occurs. The solution is to assign the response plan to an event or event chain. The same response plan can be used for one or more events.

Resource allocation based on events

One potential event is the reassignment of a resource from one activity to another, which can occur under certain conditions. For example, if an activity requires more resources to complete it within a fixed period, this will tr

Risk response plans execution are triggered by events, which occur if an activity is in an excited state. Risk response events may attempt to transform the activity from the excited state to the ground state. Response plans are an activity or group of activities (small schedule) that augment the project schedule if a certain event occurs. The solution is to assign the response plan to an event or event chain. The same response plan can be used for one or more events.

One potential event is the reassignment of a resource from one activity to another, which can occur under certain conditions. For example, if an activity requires more resources to complete it within a fixed period, this will trigger an event to reallocate the resource from another activity. Reallocation of resources can also occur when activity duration reaches a certain deadline or the cost exceeds a certain value. Events can be used to model different situations with resources, e.g. temporary leave, illness, vacations, etc.

See also