1. A system that dynamically manages electronic calendar events based upon key performance indicators (KPIs) of a business process monitoring (BPM) system comprising: a business process monitoring (BPM) system configured to manage data for a plurality of configurable key performance indicators (KPIs), wherein each KPI represents a business variable capable of being quantitatively measured; 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 event definition 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 a KPI threshold value, a calendar action, and an applicable attendee list; and a dynamic calendar event manager configured to dynamically and automatically handle a modification of the calendar data associated with the user-specified calendar event in accordance with the dynamic calendar event definition.