Methods, systems and media for management of functional verification of a system are disclosed. One embodiment may be directed to methods, systems and media for management of functional verification of a computer system, such as a processor or IC chip. Embodiments may include a verification manager for user input and a functional verification database for centralized storage of functional verification information. Embodiment may also include a coverage analysis environment that receives test information from a simulation and test generation environment, converts it if necessary, and selectively stores information in the functional verification database. In a further embodiment, a harvest module determines whether a test should be saved for future regression testing, and tests that add to functional coverage are added to a regression suite.