Enterprise concept definition management

A system comprising:

• an electronic master dictionary that corresponds to an enterprise concept dictionary and includes one or more concept entries, one or more concept identifiers respectively associated with the one or more concept entries, and one or more concept definitions respectively associated with the one or more concept entries;
• an electronic local dictionary wherein the local dictionary includes one or more of the concept identifiers included in the master dictionary;
• a dictionary management module in signal communication with the master dictionary and the local dictionary wherein the dictionary management module is configured to
• query the master dictionary for a concept entry that corresponds to a concept associated with a modeling component,
• provide a concept identifier for the concept entry when the master dictionary includes the concept entry for the concept, and
• add a new concept entry to the master dictionary and provide a new concept identifier associated with the new concept entry when the master dictionary does not include the concept entry for the concept;
• and
• a notification module in signal communication with the master dictionary configured to automatically provide notification when the new concept entry is added to the master dictionary and when one of the concept entries in the master dictionary is updated.

A non-transitory computer-readable medium having computer-executable instructions stored thereon that, when executed by a processor, cause the processor to perform:

• determining whether a local dictionary database includes a concept identifier corresponding to a concept associated with a modeling component;
• associating the modeling component with the concept identifier in response to a determination that the local dictionary database the concept identifier;
• determining whether a master dictionary database includes the concept identifier in response to a determination that the local dictionary database does not include the concept identifier;
• creating a new local concept record for the concept identifier in the local dictionary database and associating the modeling component with the concept identifier in response to a determination that the master dictionary database includes the concept identifier;
• and
• creating a new master concept record for the concept in the master dictionary database to obtain a new concept identifier, a new local concept record for the new concept identifier in the local dictionary database, and associating the modeling component with the new concept identifier in response to a determination that the master dictionary database does not include the concept identifier.