The present invention is directed to a system for managing business knowledge expressed as statements, preferably sentences using a vocabulary, where such statements may be automated by the generation of programming language source code or computer program instructions. As such, the present invention also manages software design specifications that define, describe, or constrain the programming code it generates or programs with which it or the code it generates is to integrate. All information managed within the present invention is maintained within a relational database that is encapsulated within an object-oriented model. Each object in this model is subject to version control and administration using permissions. Each user of the system is an object and belongs to one or more groups. Users and groups may be granted privileges. Objects may be created, examined, used, modified, deleted, or otherwise operated upon only if corresponding permission or privilege has been granted. The vocabulary managed by the present invention consists of the function words commonly used in a language, such as the auxiliary verbs, prepositions, articles, conjunctions, and other essentially closed parts of speech in English, as well as open parts of speech, such as nouns, verbs, adjectives, and adverbs.