Which of the following is a part of the operational procedures for event response?

The operational procedures for event response focus on effectively managing and responding to events within an IT service management context. Event correlation rules are crucial because they define how different event data is analyzed and categorized. These rules help to determine the significance of events by linking related incidents together, which can streamline the response process and prioritize actions that need to be taken.

By establishing event correlation rules, organizations can gain insights into patterns of recurring issues, thus allowing teams to respond more effectively and efficiently to incidents. This is vital in minimizing the impact of disruptions and ensuring that resources are allocated appropriately based on the urgency and severity of events.

In contrast, social media monitoring, IT project planning, and financial audits do not directly pertain to the operational procedures for event response. Social media monitoring may inform the organization about public perception or external events, but it doesn't fit within the structured response framework needed for operational events. IT project planning relates to project management rather than immediate operational response, and financial audits deal with fiscal oversight rather than operational procedures in event management.