A computing system for virtualization-based resource management includes a plurality of physical machines, a plurality of virtual machines and a management virtual machine. The virtual machines are configured by virtualizing each of the plurality of physical machines. The management virtual machine is located at any one of the plurality physical machines. The management virtual machine monitors amounts of network resources utilized by the plurality of physical machines and time costs of the plurality of virtual machines, and performs a resource reallocation and a resource reclamation.