Interevent rules, which specify multiple triggers and actions, advanced the MoMs further. A prime example of such a rule is the suppression of events for the loss of contact between a router and downstream devices. If an interface is disabled, and the device is a router, ignore or trash any events arising from devices that cannot be contacted because they are attached to said router.
In a router's case, the relationship between the attached downstream devices and the router's failed interface is understood based on Layer 3 addressing. That is, the subnets supported by the router will be down when the router is down. With processes that run on separate servers, clients, switches and other equipment, the old MoMs' rules would become too brittle, requiring too much upkeep to make the automation provided worth the effort.
The new MoMs still handle event management--in many cases, better than ever. But they need to do more. The ultimate MoM has a clue to errors' origins and can take a corrective action automatically.
Management = Money
Unfortunately, MoMs cost a small fortune to implement. The simplest MoM is going to run about $200,000 to get off the ground, with an additional $40,000 a year for maintenance and several thousand dollars for training. This is on top of the purchase, implementation and maintenance costs for the management domain you're using.
More complicated scenarios will cost even more: $500,000 would be realistic for a large organization with, say, 100,000 managed entities in 500 offices across the country.
It's obvious that the more complex the organization, the less the proportional cost in comparison with the overall IT budget, assuming a higher IT budget as complexity rises. For this reason, large, complex organizations will reap MoMs' benefits more easily than small ones. For more on the costs, see the pricing chart.