This paper will outline a distributed and dynamic fault management system and practice of it. This work shows that proposed platform-independent, distributed and reusable fault management system architecture can be an integral part of the next generation of network management systems. Another feature of the proposed fault management system is being an extensible fault management computing framework for researchers. By the proposed infrastructure, researcher can carry out their original work on this framework by the help of event, correlator and alarm programming interfaces. Proposed architecture is applicable not only to network management system, but also to intrusion detection systems, business systems and health care information correlation systems. We present this architecture and the use of advanced technologies such as RMI and Java. Finally, we demonstrate how these technological solutions have been implemented in the distributed fault management system called JADFAME-Java Distributed Fault Management Engine.