A method, system and computer program product enables the granular collection and utilization of hardware statistical samples for the efficient scheduling and allocation of data processing resources. In particular, a Partition Statistics Capture and Analysis (PSCA) utility utilizes special purpose registers to collect statistical samples, such as: (1) instructions completed; (2) Level2 (L2) cache misses; (3) cycles per instruction (CPI); and/or (4) other statistics selected based on the programming of the PSCA utility. Further, these statistical samples are utilized for the several purposes, including: (1) determining how long (time) the footprint of a partition takes to become established during the “cold start” period, i.e., during system instantiation; (2) detecting movement of the CPI curve in order to determine the (shifted) location of the onset of steady state (i.e., the knee) on the CPI curve; and (3) utilizing the statistical samples to guide dispatch decisions and make tuning recommendations.