The sequence of events in a story is called the plot. There are several elements to the plot, including the introduction, rising action, climax, falling action and resolution.
The plot begins with the introduction which sets the scene for the story. As the events unfold and the conflict is revealed, the rising action takes place. The climax is the point of highest tension in the story, when the conflict comes to a head. During the falling action, the conflict is resolved and the story winds down. The resolution, or denouement, is the final act of the story when all of the action is put to rest.