Cloud computing is a relatively recent term that is built on researches conducted in distributed computing, virtualization, value computing, web as well as software services, and networking. Cloud computing implies a service oriented architecture, great suppleness, reduced cost of ownership, on-demand services, reduced information technology, among other things. The predecessors of cloud computing have been present for quite long time but the term became more popular in the year 2007 when Google and IBM announced a collaboration in that area. Later, IBM announced its development in ‘Blue Cloud’ efforts. Since then, every one with the knowledge and skills of internet have been talking about cloud computing. The concept of future technology and how it should be managed should be looked at keenly in many organizations. This report will look at how cloud computing as a future technology could be managed.