This volume contains the proceedings of the Second International DMTF Ac- emic Alliance Workshopon Systems and Virtualization Management:Standards and New Technologies (SVM 2008) held in Munich, Germany, during October 21-22, 2008. The SVM 2008 proceedings are intended for use by students of systems and virtualization management. The reader is presumed to have a basic knowledge of systems management technologies and standards at the level provided, for example, the Common Information Model (CIM) standard for modeling m- agement resources. The student of systems management will ?nd here material that could be included in anadvanced study program.These proceedings should furthermoreallowstudents to acquireanappreciationofthe breadthandvariety of systems and virtualization management research. The proceedings also illuminate related standards and research issues, - swering questions such as:what are the implications of virtualizationfor distr- uted systems management, which advances in information models and protocols aidinmanagingvirtualization,whatnewproblemswillweincur whenmanaging virtualized systems and services, and how might management itself bene?t from virtualization? Topics related to managing distributed systems, virtualization of distributed resources/servicesand workin management standardizationare also highlighted. There were 15 regular paper submissions. These went through an active - view process, with each submission reviewed by at least three members of the Program Committee. We also sought external reviews from experts in certain areas. All these inputs were used by the ProgramCommittee in selecting a ?nal program with 13 regular papers.