Severity Level 3 typically indicates a moderate impact on operations or services. Issues classified at this level may cause some disruption but do not halt critical functions. Response times are generally within a few hours, allowing for timely resolution without immediate escalation. In many organizations, Severity Level 3 issues may involve software bugs or system performance problems that require attention but are not urgent. These situations often allow for scheduled fixes or updates, ensuring that normal operations can continue while addressing the underlying concerns effectively.