A system includes a processor, one or more memory storage units, and software code stored in the one or more memory storage units. The software code is executable by the processor to generate a plurality of adaptive partitions that are each associated with one or more process threads. The software code further includes a scheduling system that is executable by the processor for selectively allocating the processor to run the process threads based on a comparison between ordering function values for each adaptive partition. The ordering function value for each adaptive partition is calculated using one or more weighted variables for each adaptive partition. The variables include, for example, 1) the process budget, such as a guaranteed time budget, of the adaptive partition, 2) the critical budget, if any, of the adaptive partition, 3) the rate at which the process threads of an adaptive partition consume processor time.