diff --git a/app/server/appsmith-interfaces/src/main/java/com/appsmith/external/constants/spans/ce/ActionSpanCE.java b/app/server/appsmith-interfaces/src/main/java/com/appsmith/external/constants/spans/ce/ActionSpanCE.java
index 567a2296b76d..26b1091c60a0 100644
--- a/app/server/appsmith-interfaces/src/main/java/com/appsmith/external/constants/spans/ce/ActionSpanCE.java
+++ b/app/server/appsmith-interfaces/src/main/java/com/appsmith/external/constants/spans/ce/ActionSpanCE.java
@@ -19,6 +19,16 @@ public class ActionSpanCE {
     public static final String ACTION_EXECUTION_PLUGIN_EXECUTION = APPSMITH_SPAN_PREFIX + "total.plugin.execution";
     public static final String ACTION_EXECUTION_SERVER_EXECUTION = APPSMITH_SPAN_PREFIX + "total.server.execution";
 
+    public static final String GET_ENVIRONMENT_ID = APPSMITH_SPAN_PREFIX + "getEnvironmentId";
+    public static final String POPULATED_EXECUTE_ACTION_DTO_MONO =
+            APPSMITH_SPAN_PREFIX + "populatedExecuteActionDTOMono";
+    public static final String POPULATE_AND_EXECUTE_ACTION = APPSMITH_SPAN_PREFIX + "populateAndExecuteAction";
+    public static final String GET_VALID_ACTION_FOR_EXECUTION = APPSMITH_SPAN_PREFIX + "getValidActionForExecution";
+    public static final String GET_CACHED_PLUGIN_FOR_ACTION_EXECUTION =
+            APPSMITH_SPAN_PREFIX + "getCachedPluginForActionExecution";
+    public static final String GET_PLUGIN_EXECUTOR = APPSMITH_SPAN_PREFIX + "getPluginExecutor";
+    public static final String GET_ACTION_EXECUTION_RESULT = APPSMITH_SPAN_PREFIX + "getActionExecutionResult";
+    public static final String EXECUTE_ACTION = APPSMITH_SPAN_PREFIX + "executeAction";
     // Getter spans
     public static final String GET_UNPUBLISHED_ACTION = APPSMITH_SPAN_PREFIX + "get.action.unpublished";
     public static final String GET_VIEW_MODE_ACTION = APPSMITH_SPAN_PREFIX + "get.action.viewmode";
diff --git a/app/server/appsmith-server/src/main/java/com/appsmith/server/solutions/ce/ActionExecutionSolutionCEImpl.java b/app/server/appsmith-server/src/main/java/com/appsmith/server/solutions/ce/ActionExecutionSolutionCEImpl.java
index 4558673fa523..b66b96958a1c 100644
--- a/app/server/appsmith-server/src/main/java/com/appsmith/server/solutions/ce/ActionExecutionSolutionCEImpl.java
+++ b/app/server/appsmith-server/src/main/java/com/appsmith/server/solutions/ce/ActionExecutionSolutionCEImpl.java
@@ -96,6 +96,7 @@
 import static com.appsmith.external.constants.spans.ActionSpan.ACTION_EXECUTION_EDITOR_CONFIG;
 import static com.appsmith.external.constants.spans.ActionSpan.ACTION_EXECUTION_REQUEST_PARSING;
 import static com.appsmith.external.constants.spans.ActionSpan.ACTION_EXECUTION_SERVER_EXECUTION;
+import static com.appsmith.external.constants.spans.ce.ActionSpanCE.*;
 import static com.appsmith.external.helpers.DataTypeStringUtils.getDisplayDataTypes;
 import static com.appsmith.server.constants.ce.FieldNameCE.NONE;
 import static com.appsmith.server.helpers.WidgetSuggestionHelper.getSuggestedWidgets;
@@ -203,17 +204,24 @@ protected Mono<ActionExecutionResult> populateAndExecuteAction(
                 .findById(executeActionDTO.getActionId(), executePermission)
                 .cache();
 
-        Mono<ExecuteActionDTO> populatedExecuteActionDTOMono =
-                newActionMono.flatMap(newAction -> populateExecuteActionDTO(executeActionDTO, newAction));
-        Mono<String> environmentIdMono = newActionMono.flatMap(
-                newAction -> getTrueEnvironmentId(newAction, executeActionDTO, executeActionMetaDTO));
+        Mono<ExecuteActionDTO> populatedExecuteActionDTOMono = newActionMono
+                .flatMap(newAction -> populateExecuteActionDTO(executeActionDTO, newAction))
+                .name(POPULATED_EXECUTE_ACTION_DTO_MONO)
+                .tap(Micrometer.observation(observationRegistry));
+        Mono<String> environmentIdMono = newActionMono
+                .flatMap(newAction -> getTrueEnvironmentId(newAction, executeActionDTO, executeActionMetaDTO))
+                .name(GET_ENVIRONMENT_ID)
+                .tap(Micrometer.observation(observationRegistry));
 
-        return Mono.zip(populatedExecuteActionDTOMono, environmentIdMono).flatMap(pair -> {
-            ExecuteActionDTO populatedExecuteActionDTO = pair.getT1();
-            String environmentId = pair.getT2();
-            executeActionMetaDTO.setEnvironmentId(environmentId);
-            return executeAction(populatedExecuteActionDTO, executeActionMetaDTO);
-        });
+        return Mono.zip(populatedExecuteActionDTOMono, environmentIdMono)
+                .flatMap(pair -> {
+                    ExecuteActionDTO populatedExecuteActionDTO = pair.getT1();
+                    String environmentId = pair.getT2();
+                    executeActionMetaDTO.setEnvironmentId(environmentId);
+                    return executeAction(populatedExecuteActionDTO, executeActionMetaDTO);
+                })
+                .name(POPULATE_AND_EXECUTE_ACTION)
+                .tap(Micrometer.observation(observationRegistry));
     }
 
     /**
@@ -336,29 +344,38 @@ public Mono<ActionExecutionResult> executeAction(
         // 1. Validate input parameters which are required for mustache replacements
         replaceNullWithQuotesForParamValues(executeActionDTO.getParams());
 
-        String actionId = executeActionDTO.getActionId();
         AtomicReference<String> actionName = new AtomicReference<>();
         actionName.set("");
 
         // 2. Fetch the action from the DB and check if it can be executed
         Mono<ActionDTO> actionDTOMono = getValidActionForExecution(executeActionDTO, executeActionMetaDTO)
+                .name(GET_VALID_ACTION_FOR_EXECUTION)
+                .tap(Micrometer.observation(observationRegistry))
                 .cache();
 
         // 3. Instantiate the implementation class based on the query type
         Mono<DatasourceStorage> datasourceStorageMono = getCachedDatasourceStorage(actionDTOMono, executeActionMetaDTO);
+
         Mono<Plugin> pluginMono = executeActionMetaDTO.getPlugin() != null
                 ? Mono.just(executeActionMetaDTO.getPlugin())
-                : getCachedPluginForActionExecution(datasourceStorageMono);
-        Mono<PluginExecutor> pluginExecutorMono = pluginExecutorHelper.getPluginExecutor(pluginMono);
+                : getCachedPluginForActionExecution(datasourceStorageMono)
+                        .name(GET_CACHED_PLUGIN_FOR_ACTION_EXECUTION)
+                        .tap(Micrometer.observation(observationRegistry));
+        Mono<PluginExecutor> pluginExecutorMono = pluginExecutorHelper
+                .getPluginExecutor(pluginMono)
+                .name(GET_PLUGIN_EXECUTOR)
+                .tap(Micrometer.observation(observationRegistry));
 
         // 4. Execute the query
         Mono<ActionExecutionResult> actionExecutionResultMono = getActionExecutionResult(
-                executeActionDTO,
-                actionDTOMono,
-                datasourceStorageMono,
-                pluginMono,
-                pluginExecutorMono,
-                executeActionMetaDTO.getHeaders());
+                        executeActionDTO,
+                        actionDTOMono,
+                        datasourceStorageMono,
+                        pluginMono,
+                        pluginExecutorMono,
+                        executeActionMetaDTO.getHeaders())
+                .name(GET_ACTION_EXECUTION_RESULT)
+                .tap(Micrometer.observation(observationRegistry));
 
         Mono<Map> editorConfigLabelMapMono = getEditorConfigLabelMap(datasourceStorageMono);
 
@@ -378,7 +395,9 @@ public Mono<ActionExecutionResult> executeAction(
                     result.setIsExecutionSuccess(false);
                     result.setErrorInfo(error);
                     return Mono.just(result);
-                });
+                })
+                .name(EXECUTE_ACTION)
+                .tap(Micrometer.observation(observationRegistry));
     }
 
     /**