System and method for binding virtual machines to hardware contexts. A method includes obtaining resource requirements for a plurality of virtual machines, and binding one or more of the plurality of virtual machines to one or more of a plurality of hardware contexts associated with a processor based upon the resource requirements. The resource requirements may be the bandwidth and latency of the virtual machines. The method may be implemented as software on a storage device on a computing device having a processor that supports multiple hardware contexts. The method is particularly beneficial for real-time virtual machines.