Are you trying to connect to the console from within BSM or directly from the BPM machine itself?
If from BSM, could you try to RDP to the BPM machine, then try opening up http://localhost:2696? If that works, then it's most likely a FW issue between your BSM machine and your BPM machine (allow communications from your BSM machine to your BPM machine over TCP port 2696).
If you can't even reach the console from the BPM machine itself though, it might be something a bit trickier. Before we go down this route though, I think first try the above and see how it goes. Hopefully it is just a FW rule that needs sorting out.