Methods and systems for using a hierarchical consistency group (CG) in a storage system are provided. A parent CG is associated with at least a first child CG having a plurality of storage volumes. An atomic application programming interface (API) provisions the parent CG and the first child CG by allocating storage and storing policies for the parent CG and the first CG. A storage service selected from a backup service, a replication service and a cloning service for the parent CG and the first CG is executed based on the stored policies.