A method for dynamically resolving a failure occurring to an application is provided. The method may include receiving historic observations from a plurality of sources. The plurality of sources may be associated with an application executing in the environment. The method may include storing the plurality of historic observations in a memory location associated with the application. The method may include monitoring the application using an adaptive monitoring model. The monitoring model may include a first and second set of dynamic attributes for the application. The second set of dynamic attributes may be dependent on a current set of values assigned to the first set of dynamic attributes. The application may be monitored once during each monitoring cycle. At least once during each monitoring cycle, the second set of dynamic attributes may be adjusted based on the current set of values of the first set of dynamic attributes.