In one embodiment, a computer program product includes a computer readable storage medium having computer readable program code embodied therewith, the computer readable program code being configured to: assign volume(s) to either a storage group or a reserve storage pool group, designate each of the volume(s) assigned to the storage group as a storage volume, designate each of the volume(s) assigned to the reserve storage pool group as a reserve storage volume, receive policy attributes for the storage group including a storage utilization goal and a default reserve storage pool assignment, monitor a storage utilization level for the storage group, detect when the storage utilization level for the storage group falls outside of the ideal storage utilization range, and adjust an available storage amount for the storage group to bring the storage utilization level within the ideal storage utilization range.