In your own words: What is a bottleneck event and why is it significant?
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A bottleneck event is a situation where a process or system is slowed down or restricted by a single point of constraint. This can lead to delays in the overall process and limit productivity. It is significant because it can disrupt the flow of operations, cause inefficiencies, and ultimately impact the overall performance and success of a project. Identifying and addressing bottleneck events is crucial in order to optimize processes and ensure smooth operations.