A system and method for performance monitoring including instance life cycle event monitoring is disclosed. A performance monitoring system may correlate performance data to application instance life cycle events. Changes in performance at an instance level, application level or tier level may be related to application instance life cycle events such as creation, migration and destruction. In one embodiment, a performance monitoring method may include collecting performance data for one or more application instances, detecting one or more instance life cycle events associated with the one or more application instances, correlating the performance data to the one or more instance life cycle events, and storing the correlated performance data.
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