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Event Management, as defined by ITIL, is the process that monitors all events that occur through the IT infrastructure. It allows for normal operation and also detects and escalates exception conditions. An event can be defined as any detectable or discernible occurrence that has significance for the management of the IT Infrastructure or the ...
Event management is the application of project management to the creation and development of small and/or large-scale personal or corporate events such as festivals, conferences, ceremonies, weddings, formal parties, concerts, or conventions. It involves studying the brand, identifying its target audience, devising the event concept, and ...
Identify the types of events that the system is capable of logging in support of the audit function: [Assignment: organization-defined event types that the system is capable of logging]; b. Coordinate the event logging function with other organizational entities requiring audit-related information to guide and inform the selection criteria for ...
Event processing is a method of tracking and analyzing (processing) streams of information (data) about things that happen (events), [ 1] and deriving a conclusion from them. Complex event processing ( CEP) consists of a set of concepts and techniques developed in the early 1990s for processing real-time events and extracting information from ...
Operational risk is the risk of losses caused by flawed or failed processes, policies, systems or events that disrupt business operations. Employee errors, criminal activity such as fraud, and physical events are among the factors that can trigger operational risk. The process to manage operational risk is known as operational risk management.
Event tree analysis ( ETA) is a forward, top-down, logical modeling technique for both success and failure that explores responses through a single initiating event and lays a path for assessing probabilities of the outcomes and overall system analysis. [ 1] This analysis technique is used to analyze the effects of functioning or failed systems ...
This architectural pattern may be applied by the design and implementation of applications and systems that transmit events among loosely coupled software components and services. An event-driven system typically consists of event emitters (or agents), event consumers (or sinks), and event channels. Emitters have the responsibility to detect ...
An Event-driven process chain (EPC) is an ordered graph of events and functions. It provides various connectors that allow alternative and parallel execution of processes. Furthermore it is specified by the usages of logical operators, such as OR, AND, and XOR. A major strength of EPC is claimed to be its simplicity and easy-to-understand notation.
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