1. A method for managing a cloud computing environment, the method comprising: partitioning resources to create a parent space, and a first child space, the parent space being a logical partition comprising at least a portion of a first server, and a second server, different from the first server; associating a parent physical mapping policy to the parent space, wherein the parent physical mapping policy maps objects of a first type in the parent space to the first server for storage, and maps objects of a second type in the parent space to the second server for storage; associating a first child physical mapping policy to the first child space, wherein the first child physical mapping policy maps objects of the first type in the first child space to a third server for storage; inheriting, at the first child space, properties of the parent space, wherein the inherited properties include the parent physical mapping policy; designating a precedence for the resources of the first child space; overriding, at the first child space, the inherited parent physical mapping policy with the first child physical mapping policy based on the precedence if there is a conflict between the first child physical mapping policy and the inherited parent physical mapping policy; storing the parent space in a storage device; and based on the overriding, storing objects of the first type in the first child space at the third server rather than the first server.