System and method for managing resources of applications and threads performed on java virtual machine

A method of managing resources related to a Java Virtual Machine (JVM) and an application executed in the JVM is provided. The method includes defining a resource identifier uniquely identifying an arbitrary resource to be; generating a resource consumer for each thread, wherein the resource consumer uses a resource; generating at least one resource manager per resource identifier, wherein the resource manager manages a resource, and storing the at least one resource manager in a resource manager registry; calculating a quantity of resource usage by resource managers generated for all applications and threads in the applications, and storing the calculated quantity of resource usage, wherein the calculating and storing of the quantity are performed by each of the resource managers; and informing about the quantity of resource usage.