Methods and systems for a networked storage system are provided. A provisioning engine assigns a plurality of performance parameters in response to a provisioning request for provisioning a workload for storing data in a networked storage environment; identifies a demand for a plurality of resources of the networked storage environment for meeting the provisioning request, transforms historical available performance capacity by filtering any historical performance capacity data related to any transient event; and identifies at least a resource pair that can meet the identified demand based on the transformed historical performance capacity data.