Abstract: A system for dynamically allocating resources in a computing grid is provided. The system comprises a resource management component, a service level agreement (SLA) management component and a job scheduling component. The resource management component is configured to determine availability of a set of resources in a computing grid, for executing job requests submitted by users of the computing grid. The SLA management component is configured to manage service level agreements (SLAs) corresponding to the users and perform a negotiation of resources for the users submitting the job requests, in real-time, based on a resource steerability attribute associated with the job requests. The job-scheduling component is configured to schedule the job requests for the users, based on the resource steerability attribute associated with the job requests. The job requests comprise at least one of a job having batch characteristics and a job having interactive characteristics.