A network real-time monitoring and control system includes several layers of components for generating a network traffic shaping control that is used to shaping network traffic flows for one or more network nodes. The layers of the network real-time monitoring and control system include a monitoring layer, an event control layer, a traffic shaping control layer, a reporting layer, and an administrative layer. The monitoring obtains network traffic indicator measurements and network node operational indicator measurements. The event control layer uses the indicator measurements to generate a network event identifier, and generates a request for a network traffic shaping control based on a correlation of the network event identifier with a network node status identifier. The request for the network traffic shaping control is communicated to the traffic shaping control layer to generate a network traffic shaping control.