A method, apparatus, and program product manage scheduling of a plurality of jobs in a parallel computing system of the type that includes a plurality of computing nodes and is disposed in a data center. The plurality of jobs are scheduled for execution on a group of computing nodes from the plurality of computing nodes based on the physical locations of the plurality of computing nodes in the data center. The group of computing nodes is further selected so as to distribute at least one of a heat load and an energy load within the data center. The plurality of jobs may be additionally scheduled based upon an estimated processing requirement for each job of the plurality of jobs.