connecting to scheduling server exception

I have my scheduling server running on my virtual machine. On my machine, I started up the stand alone client and connected to the scheduling server successfully. After clicking the View Log button, i noticed this error:

05/04 09:48:03,Telerik.TestStudio.ExecutionManagerService.exe(2052:29),Execution] ProcessManagerClient.GetState() : EXCEPTION! (see below)

     Situation: Unable to contact Process Manager.
     Outer Exception Type: System.Net.Http.HttpRequestException
     Message: An error occurred while sending the request.
     HRESULT: 0x80131500 (Official ID (if app.) = COR_E_EXCEPTION, Error Bit = FAILED, Facility = FACILITY_URT, Code = 5376)
     Call Stack:
          at System.Runtime.CompilerServices.TaskAwaiter.ThrowForNonSuccess(Task task)
          at System.Runtime.CompilerServices.TaskAwaiter.HandleNonSuccessAndDebuggerNotification(Task task)
          at Telerik.TestStudio.Shared.Communication.BaseCommunicationLayer.<Get>d__26`1.MoveNext()
          --- End of stack trace from previous location where exception was thrown ---
          at System.Runtime.CompilerServices.TaskAwaiter.ThrowForNonSuccess(Task task)
          at System.Runtime.CompilerServices.TaskAwaiter.HandleNonSuccessAndDebuggerNotification(Task task)
          at Telerik.TestStudio.Shared.Communication.BaseCommunicationLayer.<Ping>d__21.MoveNext()
          --- End of stack trace from previous location where exception was thrown ---
          at System.Runtime.CompilerServices.TaskAwaiter.ThrowForNonSuccess(Task task)
          at System.Runtime.CompilerServices.TaskAwaiter.HandleNonSuccessAndDebuggerNotification(Task task)
          at Telerik.TestStudio.ExecutionManager.Communication.ProcessManagerClient.<GetState>d__19.MoveNext()

     Inner Exception Type: System.Net.WebException
     Message: Unable to connect to the remote server
     HRESULT: 0x80131509 (Official ID (if app.) = COR_E_INVALIDOPERATION, Error Bit = FAILED, Facility = FACILITY_URT, Code = 5385)
     Call Stack:
          at System.Net.HttpWebRequest.EndGetResponse(IAsyncResult asyncResult)
          at System.Net.Http.HttpClientHandler.GetResponseCallback(IAsyncResult ar)

     Inner Exception Type: System.Net.Sockets.SocketException
     Message: A connection attempt failed because the connected party did not properly respond after a period of time, or established connection failed because connected host has failed to respond 10.0.xx.xxx:55555
     HRESULT: 0x80004005 (Official ID (if app.) = E_FAIL, Error Bit = FAILED, Facility = FACILITY_NULL, Code = 16389)
     Call Stack:
          at System.Net.Sockets.Socket.EndConnect(IAsyncResult asyncResult)
          at System.Net.ServicePoint.ConnectSocketInternal(Boolean connectFailure, Socket s4, Socket s6, Socket& socket, IPAddress& address, ConnectSocketState state, IAsyncResult asyncResult, Exception& exception)

What am I doing wrong? Thanks for the help in advance.

- Chris