What is it?
Dell Alert Monitor - damon.exe
What does it do?
This is a part of Dells software support system. This system does not appear to be any form of security risk. I suggest removing this from your system startup due to added crashing/conflict possibilities.
You'll want to keep an eye on this google search for any known viruses. The normal location of this file is C:Program FilesDellSupportAlertinDAMon.exe