1. A computer-implemented method for managing alerts in a virtualization environment, comprising: receiving alerts associated with entities in the virtualization environment; identifying attributes associated with the entities; defining buckets associated with the attributes, wherein a bucket corresponds to a value or value range of an attribute; assigning the entities and their corresponding alerts into the buckets associated with the attributes; for an attribute, sorting the buckets associated with the attribute, based at least in part upon a number of alerts assigned to the buckets; sorting the attributes based at least in part upon a distribution of alerts assigned to the buckets associated with the attributes.