An apparatus, program product and method utilize sets of attributes respectively associated with managed resources and policies to match managed resources with individual policies. Multiple managed resources are permitted to be matched with a specific policy, such that the policy applies to all matching managed resources. Furthermore, by providing multiple attributes upon which to match, policies are capable of being defined with varying degrees of specificity, enabling administrators to utilize more generic policies for certain types of managed resources, with more specific policies used to override certain managed resources whenever needed.