A new formal approach based on partial order set (poset) theory is proposed to analyze the space requirement of discrete-event parallel simulation. We divide the memory required by a simulation problem into memory to model the states of the real-world system, memory to store a list of events containing the next time when each type of event will occur, and memory required to implement the event synchronization protocol. We establish the relationship between poset theory and event orderings in simulation. Based on our framework, we analyze the space requirement using an open and a closed system as examples. Our analysis shows that apart from problem size and traffic intensity that affects the memory requirement, event ordering is an important factor that can be analyzed before implementation. In an open system, a weaker event ordered simulation requires more memory than strong ordering. However, the memory requirement is constant and independent of event ordering in closed systems. In this paper, we focus on the effect of event ordering on space.