A system and program product for generating throttling parameters for an information management (IT) system based on historical event log data. An embodiment of the system comprises: an identification system that examines the historical event log data and identifies throttling candidates, wherein each throttling candidate comprises an event type for redundant events that reoccur over at least one measured time period; and an analysis system that statistically analyzes event data associated with each throttling candidate and generates a set of throttling parameters for each throttling candidate based on the event data.