The subject disclosure is directed towards providing a user with impact-related information regarding the impact of a monitored event (for a detected resource issue) to a managed system, such as a storage system. An event is generated when a resource such as a hard disk has an issue, e.g., has failed. Information from the event is automatically extracted and used to communicate with a management program coupled to the resource. Communication with the management program obtains information as to the impact the resource issue has to the system, e.g., what servers and/or applications are impacted. The impact-related data may be presented in a report to a user.