Saurabh,
How much is your management willing to spend on achieving this requirement?

From the few posts that I've seen, I'd suggest no-one here does this now, or 
has ever done it.  If a company wants to monitor it's mainframe resource usage 
dynamically, it buys and impliments a product. (BMC Mainview, ASG TMON, IBM's 
Omegamon etc). 

You're basically asking us to help you write something that will replace one of 
the above - I'd suggest that's not going to happen - at least not for free!

Also, consider how much resource a home-grown resource monitor would use?   Who 
monitors the monitor?

You need to go back to your management and explain that, with the tools 
available to you, what they are trying to achieve is not possible without a 
significant investment in time and money.

I'm available (for a fee!) to explain the real world to your management.

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