An event management policy is one of several generic rule types that perform actions against events that meet selection criteria specified in an associated event selector. An event management policy selects the events that you want to process, defines the processes needed to manage those events, and schedules when the events are processed.
Event management policies can be defined interactively by using predefined, out-of-the-box policy types accessed through the console. You can also create new user-defined policy types to add new event processing actions.
Whether predefined or user-defined, all event management policies consist of the following attributes: