Abstract: A system and method for managing network bandwidth consumption. The system may include an agent module loadable on a networked computer and configured to aid in managing bandwidth consumption within a network. The agent module is configured to obtain an allocation of network bandwidth usable by the networked computer, and is further configured to sub-allocate such allocation among multiple bandwidth-consuming components associated with the networked computer. The system may further include multiple such agent modules loadable on plural networked computers, and a control module configured to interact with each of the agent modules to dynamically manage bandwidth usage by the networked computers.