System and method for managing space allocation within a file system

A chassis management controller includes a root file system, a shared memory, a daemon process module, and an interposer library. The root file system includes a plurality of directories associated with firmware applications of the chassis management controller. The daemon process module is configured to read the parameters of the directories, and to create, in the shared memory, a table including parameters of the directories. The interposer library is configured to intercept an input/output library call for an operation associated with one of the firmware applications, to read table entries associated the one or the firmware applications, to determine whether the operation associated with the input/output library call would result in an over-allocation of a parameter in the entries of the table, and if the operation would not result in the over-allocation, pass the output operation to a standard system library, otherwise to return an out of space error message.