eventchain
Event chain, in risk analysis and project management, refers to a modeling approach that focuses on sequences of uncertain events and their cascading effects on project outcomes. It combines qualitative identification of risk events with quantitative propagation of uncertainty to reveal how events trigger others and alter timelines, costs, or performance. The term is used in various industries, including construction, engineering, software development, and safety-critical domains, to support dynamic risk assessment and decision making.
In an event-chain model, risk events are identified and characterized by probabilities, duration impacts, and potential
Event chains are used to explore how uncertainties unfold over time, how delays propagate, and how risk
See also: Monte Carlo simulation, risk management, project scheduling.