Event Chain Diagrams

Lev Virine and Michael Trumper

Chapter 7 in Project Risk Analysis Made Ridiculously Simple, 2017, pp 109-120 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Relationships between project risks can be very complex. Risks can be assigned to different activities and resources, have different probabilities and impacts, and have correlations or act as triggers for each other. Due to this complexity, we recommend visualizing project events and event chains using Event chain diagrams. Event chain diagrams use the familiar structure of a Gantt chart to visualize the relationships between project risks. State tables are also a useful tool and can be used to define the state of an activity. This chapter provides a specification for Event chain diagrams and State Tables along with advice on how to use them effectively.

Keywords: Project Management; Risk Management; Risk Analysis (search for similar items in EconPapers)
JEL-codes: D81 G32 (search for similar items in EconPapers)
Date: 2017
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