What is the Event Chain Methodology?
Event Chain Methodology was developed at Intaver Institute and is used in RiskyProject. The main idea is the multiple probabilistic events, which can be risks or management actions, will affect the project schedule. Such events can cause other events and create event chains. Some of these risks are critical in that they have the most affect on the project. It is important to note that risks may occur at anytime during the task duration. The project manager’s task is to identify events and event chains and mitigate the risks. Potential events can be easily identified using historical data and during the tracking process. For more information about event chain methodology click here.
