1. A computer-readable memory medium which stores program instructions for characterizing a measurement system, wherein the measurement system comprises a plurality of measurement devices coupled together, wherein at least one of the measurement devices includes one or more programs, wherein each measurement device is configured to measure, acquire, or process signals regarding an analog physical phenomenon, wherein the measurement system is configured to characterize the analog physical phenomenon utilizing the plurality of measurement devices, and wherein the program instructions are executable by a processor to perform: automatically determining information regarding the plurality of measurement devices and the one or more programs; automatically generating a diagram which visually represents the measurement system, wherein said automatically generating is performed based on the automatically determined information, wherein the diagram includes device icons representing each of the plurality of measurement devices, wherein the diagram also includes link icons indicating direct physical connectivity between the plurality of measurement devices, wherein the diagram also includes program icons representing each of the one or more programs, and wherein said automatically generating the diagram comprises storing information representing the diagram on a memory medium; and providing the diagram for display.