1. A method for evaluating a representative workload and its impact on the performance of a workload manager comprising a control algorithm, the method comprising: receiving, by a workload evaluator, the representative workload that comprises a plurality of competing demands for capacity of at least one shared resource; evaluating, by the workload evaluator, the representative workload to determine at least one characteristic of the representative workload, the at least one characteristic comprising a metric representing a degree of burstiness, the metric computed as a percentage of successive demands having an increase in demand less than a specified demand variation; determining, based at least in part on the at least one characteristic of the workload, an impact of expected workload of the representative workload on the performance of the workload manager in managing access of the representative workload to the capacity of the at least one shared resource; and evaluating at least one scheduler parameter setting of the workload manager based at least in part on the determined impact of expected workload of the representative workload on performance of the workload manager.