Incident management is the work from detection to resolution: confirm the problem, alert the right people, decide who leads, tell users, restore service, then learn from it in a postmortem. Severity levels, often SEV1 to SEV3 or P1 to P4, decide how big the response is.
An incident is not the same as its cause. One root cause, like a failing database, can produce many symptoms; a good process groups them, so the team works on one incident, not twenty alerts.
Communication is part of the work. A status page update within minutes, and more at a set rhythm, saves the support team from answering the same question many times.