1. A system that dynamically manages calendar events based upon key performance indicators (KPIs) of a business process monitoring (BPM) system comprising: a business monitoring (BPM) system, comprising at least one processor and memory storing software applications executed by the processor, the business monitoring (BPM) system further configured to monitor data for a plurality of key performance indicators (KPIs), wherein each KPI represents a business variable capable of being quantitatively measured the business monitoring (BPM) system further including; an electronic calendar software application configured to manage calendar data for a plurality of calendar events and for a plurality of users; a dynamic calendar software application configured to manage calendar data for a plurality of calendar events and for a plurality of users; a dynamic calendar event definition of the electronic calendar software application configured to define at least one condition for modifying the calendar data of a user-specified calendar event, wherein the dynamic calendar event definition comprises at least one KPI threshold value, an associated calendar action, and an applicable attendee list, wherein changes made to the business process monitoring system and the electronic calendar software application are independent of each other, wherein changes made in the business process monitoring system result in changes being made by the electronic calendar software application to calendar events; and a dynamic calendar event manager configured to determine whether the at least one KPI threshold value is satisfied and dynamically and automatically modify the calendar data and the applicable attendee list associated with the user-specified calendar event responsive to satisfaction of the at least one KPI threshold value and in accordance with the dynamic calendar event definition.