1. A method comprising: determining a total storage input/output capacity of a set of storage elements available for use by a software application located on an operating system volume of a computer system, wherein the total storage input/output capacity is determined by evaluating storage input/output capacity of the storage elements at a physical device level and at a file level; measuring a number of input/output storage operations performed on behalf of the software application; and determining a storage input/output utilization of the software application based on the measured number of input/output storage operations as compared to the total storage input/output capacity of the set of storage elements.