Hi PK
yes this is very much possible and without any development covered by Monitoring area/sub module of solman
Basically you can use the new
Unified Job Monitoring
How to Setup the Unified Job Monitoring in SAP Solution Manager 7.1?
Or
Business Process Monitoring
Job Monitoring and Alerting - SAP Solution Manager - SAP Library
Basically BPM was used initially but people struggled to map business blueprint process in solman which takes lot of time etc ....and then you can configure job monitoring within the same
where as in the Job monitoring it is simple to configure or setup (sap has given wizards in solman_setup) and
just choose the system then job name with parameters etc
so based upon the requirement choose to configure it.
I don't want to paste more links as you can just search SDN or SMP for the above topics there are plenty of material
all the best
Thanks
Prakhar