A method and system are disclosed for migrating network resources to improve network utilization, for use in a multi-node network wherein nodes of the network share network resources. The method comprises the steps of identifying a group of nodes that share one of the network resources, and identifying one of the nodes satisfying a specified condition based on at least one defined access latency metric. The shared resource is moved to the identified one of the nodes to reduce overall access latency to access the shared resource by said group of nodes. One embodiment of the invention provides a method and system to synchronize tasks in a distributed computation using network attached devices (NADs). A second embodiment of the invention provides a method and system to reduce lock latency and network traffic by migrating lock managers to coupling facility locations closest to nodes seeking resource access.