Business object acting as a logically central source for collaboration on objectives

1. A computer program product for implementing a logically centralized source for collaboration on objectives comprising instructions stored on a tangible, non-transient computer readable medium, the computer program product operable when executed to:

identify one or more requirements associated with a business entity for use in a business object stored within a logically centralized repository, the repository storing a plurality of business objects and a first of the identified requirements associated with a first requirement status;

update a first requirement status associated with a first of the identified requirements to indicate that the first requirement is finalized when all the other identified one or more requirements are finalized;

identify one or more solutions associated with the identified requirements for use in the business object, a first of the identified solutions associated with a first solution status and the first solution status associated with the first requirement status;

update a first solution status associated with a first of the identified solutions to indicate that the first solution is finalized when all the other identified one or more solutions are finalized;

wherein each requirement comprises a node within a hierarchically arranged requirement substructure and each solution comprises a node within a hierarchically arranged solution substructure, wherein the requirement substructure and the solution substructure are identically arranged; and

notify a party of an update to one of the statuses associated with the identified requirements and solutions.

2. The computer program product of claim 1 , the party comprising the business entity.

3. The computer program product of claim 1 , the updated status comprising the first solution status.

4. The computer program product of claim 1 , a second of the identified requirements associated with a second requirement status.

5. The computer program product of claim 4 , the first requirement hierarchically superior to the second requirement and the first requirement status dependent on the second requirement status.

6. The computer program product of claim 5 , a second of the identified solutions associated with a second solution status and the second solution status associated with the second requirement status.

7. The computer program product of claim 6 , the first solution hierarchically superior to the second solution and the first solution status dependent on the second solution status.

8. The computer program product of claim 7 , a third of the identified requirements associated with a third requirement status.

9. The computer program product of claim 8 , the first requirement hierarchically superior to the third requirement and the first requirement status dependent on the third requirement status.

10. The computer program product of claim 9 , the second requirement hierarchically neutral to the third requirement and the second requirement status independent of the third requirement status.

11. The computer program product of claim 9 , the second requirement hierarchically superior to the third requirement and the second requirement status dependent on the third requirement status.

12. The computer program product of claim 9 , a third of the identified solutions associated with a third solution status and the third solution status associated with the third requirement status.

13. The computer program product of claim 12 , the first solution hierarchically superior to the third solution and the first solution status dependent on the third solution status.

14. The computer program product of claim 13 , the second solution hierarchically neutral to the third solution and the second solution status independent of the third solution status.

15. The computer program product of claim 13 , the second solution hierarchically superior to the third solution and the second solution status dependent on the third solution status.

16. The computer program product of claim 1 , the requirement substructure and the solution substructure forming a project structure, the project structure associated with a project status.

17. The computer program product of claim 16 , each node associated with one or more elements wherein the elements are comprised of one or more of the following: documents, drawings, notes, or other suitable data.

18. The computer program product of claim 1 , the first requirement status indicating that the first requirement is finalized, the software further operable to:

receive notification from a solution provider that the first requirement is deficient;

modify the first requirement status to indicate that the first requirement is under development;

modify the deficient requirement; and

update the first requirement status.

19. A system for implementing a logically centralized source for collaboration on objectives comprising:

memory storing a plurality of business objects; and

one or more processors operable to:

identify one or more requirements associated with a business entity for use in one of the plurality of business objects, a first of the identified requirements associated with a first requirement status;

update a first requirement status associated with a first of the identified requirements to indicate that the first requirement is finalized when all the other identified one or more requirements are finalized;

identify one or more solutions associated with the identified requirements for use in the business object, a first of the identified solutions associated with a first solution status and the first solution status associated with the first requirement status;

update a first solution status associated with a first of the identified solutions to indicate that the first solution is finalized when all the other identified one or more solutions are finalized;

wherein each requirement comprises a node within a hierarchically arranged requirement substructure and each solution comprises a node within a hierarchically arranged solution substructure, wherein the requirement substructure and the solution substructure are identically arranged; and

notify a party of an update to one of the statuses associated with the identified requirements and solutions.

20. A system for implementing a logically centralized source for collaboration on objectives comprising:

memory storing a plurality of business objects; and

one or more processors operable to:

identify one or more requirements associated with a business entity for use in one of the plurality of business objects;

update a first requirement status associated with a first of the identified requirements to indicate that the first requirement is finalized when all the other identified one or more requirements are finalized;

identify one or more solutions associated with the identified requirements for use in the business object, a first of the identified solutions associated with a first solution status and the first solution status associated with the first requirement status;

update a first solution status associated with a first of the identified solutions to indicate that the first solution is finalized when all the other identified one or more solutions are finalized;

wherein each requirement comprises a node within a hierarchically arranged requirement substructure and each solution comprises a node within a hierarchically arranged solution substructure, wherein the requirement substructure and the solution substructure are identically arranged; and

notify a party that the one of the plurality of business objects is finalized when the first of the identified requirement is finalized and the first of the identified solution is finalized.