1. A computer implemented method comprising: identifying one or more business process runtime events of a business process management business process runtime component received at an events queue of a process integration runtime component, wherein the business process runtime component and the process integration runtime component are run locally relative to one another on a particular physical system; identifying one or more errors associated with the business process runtime events; evaluating the one or more errors based, at least in part, on one or more centralized alert rules associated with the business process runtime event and configuration information associated with the process integration runtime component, wherein the configuration information associated with the process integration runtime component is stored in a process integration directory which is a central configuration storage for the process integration runtime component and other distributed process integration components and the process integration directory is separate from the particular physical system, wherein the one or more centralized alert rules associated with the business process runtime event and alert configuration information associated with the process integration runtime component having the same format, and wherein a local alert configuration is used to evaluate local alerts for the business process runtime component based on business process management error events; and storing an alert for the one or more errors associated with the business process runtime event.