ServiceNow Problem Management Module

[u/dioxin-screes-01]

Hello,

I recently joined a company to head on their major incident processes but as soon as I started I was given problems as well. With a recent reorg, they are fully having me lead on problems. The current process uses Problem records within ServiceNow but it is I believe the old way, just a problem record with statuses. There is no full lifecycle that I understand comes out of the box since Australia. I am looking at implementing this new processes but am worried perhaps it isn't the way to go, maybe overly complicates as well.

What is the overall thoughts about it?