Update Manager Alarm actions

Hi,

I've been looking into Alarms in vCenter and in particular what Update Manager brings to the table. The documentation refers to the following functionality:

"Some notifications can trigger an alarm. By using the Alarm Settings wizard, you can specify automated actions to be taken when an alarm is triggered."

Any idea where you configure this and what actions are possible? Do you have to wait until an alarm is triggered first?

Thanks

Mike