In current multiprogrammed multiprocessor systems, to take into account the performance of parallel applications is critical to decide an efficient processor allocation. In this paper, we present the Performance-Driven Processor Allocation policy (PDPA). PDPA is a new scheduling policy that implements a processor allocation policy and a multiprogramming-level policy, in a coordinated way, based on the measured application performance. With regard to the processor allocation, PDPA is a dynamic policy that allocates to applications the maximum number of processors to reach a given target efficiency. With regard to the multiprogramming level, PDPA allows the execution of a new application when free processors are available and the allocation of all the running applications is stable, or if some applications show bad performance. Results demonstrate that PDPA automatically adjusts the processor allocation of parallel applications to reach the specified target efficiency, and that it adjust...