Mitigation planIf event or event chain occurs during the course of a project, it may require some mitigation effort.
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By using Event Chain Diagrams to visualize events and event chains, the modeling and analysis of risks and uncertainties can be significantly simplified.
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By using Event Chain Diagrams to visualize events and event chains, the modeling and analysis of risks and uncertainties can be significantly simplified.
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By using event chain diagrams to visualize events and event chains, the modeling and analysis of risks and uncertainties can be significantly simplified.
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By using event chain diagrams to visualize events and event chains, the modeling and analysis of risks and uncertainties can be significantly simplified.
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Once events and event chains are defined, quantitative analysis using Monte Carlo simulation can be performed to quantify the cumulative effect of the events.
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Event chain methodology is an uncertainty modeling and schedule network analysis technique that is focused on identifying and managing events and event chains that affect project schedules.
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Event chain methodology is an uncertainty modeling and schedule network analysis technique that is focused on identifying and managing events and event chains that affect project schedules.
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In addition, the method can easily incorporate the concepts of stochastic predictions, using the program evaluation and review technique ( PERT ) and event chain methodology.
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These critical chains of events can be identified by analyzing the correlations between the main project parameters, such as project duration or cost, and the event chains.