Frequency spectrum management provides for dynamic spectrum usage adjustment among applications on a shared medium. Dynamic resource management methods are applied to the problem of managing spectrum and matching application specific requirements to real-time spectrum characteristics so that more optimal use of the available spectrum may be made. At least a first spectrum agent is assigned to each of the plurality of different applications, for managing channels allocated to the application, and a spectrum manager allocates frequency channels to the plurality of different applications based on the following at least one of parameters of a frequency channel required to implement the application and predetermined requirements based on time of day demand changes for the application.