Disclosed are network managed volumes that enable simplified and more efficient use of information technology assets by allocating physical disk drives as needed. A pool of storage can be defined and populated with physical disks that are accessible in a storage area network. Virtual volumes are created from the storage pool, with each virtual volume being separately allocable to a host device (e.g., client, application server, etc.). Thus, host devices that have been allocated these virtual volumes perceive ownership of the entire volume, without requiring a present allocation of physical storage space having the same characteristics, but with seamless introduction of physical resources as needed.