This research provides mechanisms that facilitate to monitor and manage of Virtual Enterprise (VE) collaborative business processes in an efficient and effective way. First, it shows a self-contained process monitoring tool specification that contains the following main functionalities: events capturing from a workflow engine, business activity monitoring, process analytics and monitoring rules definition and evaluation. An interactive user interface layer in the form of dashboard is then highlighted within the scope of this research with the objective to monitor the VE operational processes. The dashboard will be the integration platform for a set of components that allow the establishment and operation of VE successfully. This platform enables a seamless integration of business processes and provides an endto-end ICT solution among the VE member organizations. The work presented in this paper is developed within the scope of the European Commission NMP priority of the Seventh RTD Framework Programme for the ADVENTURE (ADaptive Virtual ENterprise ManufacTURing Environment) project.