Techniques for managing power consumption and computational load on a processor during video processing and decoding are provided. One representative embodiment discloses a method of processing a data stream that includes video data. According to the method, one or more protocols used to create the data stream are identified. The various parsing and decoding operations required by the protocol are then identified and managed based on the available electrical power or available processing power. Another representative embodiment discloses a method of processing a data stream that includes video data. According to the method, one or more protocols used to create the data stream are identified. The various parsing and decoding operations required by the protocol are then identified and managed based on a visual quality of the video or a quality of experience.