A computer software execution system may have a configurable memory allocation and management system. A configuration file or other definition may be created by analyzing a running application and determining an optimized set of settings for the application on the fly. The settings may include memory allocated to individual processes, memory allocation and deallocation schemes, garbage collection policies, and other settings. The optimization analysis may be performed offline from the execution system. The execution environment may capture processes during creation, then allocate memory and configure memory management settings for each individual process.