Timeout issue when running API collection using Postman monitor

I am using api monitoring in postman for the first time and was easily able to setup/configure a monitor for my collection(contains ~200 requests) .
The monitor fails with 2 errors reporting at the end of Console Log when in between of finishing up running the request calls .
Error: callback timed out
Error: callback timed out
All my requests have a time out set for 1500 milliseconds so is this issue related . After reading in documentation I realized Monitors in postman have a limitation to run requests as often as every 5 minutes.
Is there an alternative to better handle this situation?

Any help or suggestions much appreciated?