1. A method of managing resources, the method comprising: detecting an event in a local compute environment, the local compute environment comprising a plurality of resources configured to process workload, to yield a detected event; based on the detected event, receiving a request for resources in an on-demand compute environment, the resources comprising at least one of a server, memory, network bandwidth, a processor, and a virtual resource, wherein a specification of the resources associated with the request is one of fully explicit, partially explicit, and fully implicit based on workload; establishing a communication between the local compute environment and the on-demand compute environment having a plurality of resources available to process workload under common management separate from the local compute environment; based on the communication, establishing, at a first time and associated with the request for resources, a reservation of the resources for use at a second time later than the first time within the on-demand compute environment to yield reserved resources; and transferring workload, submitted for processing in the local compute environment, transparently to the on-demand compute environment to yield transferred workload, wherein the transferred workload consumes the reserved resources in the on-demand compute environment at the second time.