A method for prioritizing events on an electrical power system, including: (a) acquiring at least one data portion representative of the behavior of the electrical power system, the at least one data portion containing at least one power system event; (b) assigning at least one rank value to the at least one data portion based on the type of power system event, the rank value indicative of a priority of the event; and (c) conducting subsequent operations on the at least one data portion in accordance with the at least one rank value.