Techniques are described herein which minimize the impact of virtual machine snapshots on the performance virtual machines and hypervisors. In the context of a volume snapshot which may involve (i) taking virtual machine snapshots of all virtual machines associated with the volume, (ii) taking the volume snapshot, and (iii) removing all the virtual machine snapshots, the virtual machine snapshots may be created in a first order and removed in a second order. Specifically, snapshots for busy virtual machines (i.e., virtual machines with higher disk write activity) may be created last and removed first. Consequently, snapshots of busy virtual machines are retained for the shorter periods of time, thereby minimizing the effect of virtual machine snapshots on those virtual machines (and their associated hypervisors) that would be most negatively impacted by virtual machine snapshots.