Abstract: Disclosed is a system and method for monitoring processes. The method includes the steps of monitoring at least one process in real time, collecting information on the at least one monitored process, analyzing the collected information in real time using at least one dynamic, updatable filter, identifying at least one triggering item or event matching at least one predetermined filter criterion, providing information regarding the at least one triggering item to an event processing engine for examination, and taking at least one action in real time in response to the identified triggering item or event. In certain embodiments, the method is implemented with a computer program product having a non-transitory computer readable medium having stored thereon computer executable instructions that when executed causes the computer to perform the method.