Event data for an application execution is accessed from a table of logged events, the event data comprising a sequence, a hierarchy, and a start time and duration for each event. Dependency data for each event is also accessed to determine whether the start time for an event is dependent on the prior completion of at least one other event. A waterfall representation is then generated, the representation including an entry for each event in the sequence, with a start time and duration represented for each event. Based on the dependencies and hierarchy, it is determined, for each event with a start time that is later than the start time of an event which precedes it in the sequence, whether the event's start time is dependent on the prior completion of at least one preceding event. The start time for each event may then be advanced based on the determination.