Business object model: A semantic-conceptual basis for transition and optimal business management

Abstract

Obvion is a residential mortgage loans provider operating on the Dutch market. A recent internal Obvion study into the target architecture of their services recommends to provide further elaboration of an Obvion Business Object Model (BOM). This model comprises the business terms used within Obvion, their meaning, interconnections and related regulations. This model would offer the upcoming transition projects – where new designs are created for existing applications – a reliable and sufficiently detailed starting point. This has significant positive effects on the reduction of errors, time and costs in the implementation. A proven approach was chosen for the implementation of the Obvion BOM. For the model the CogNIAM variant of Fact Based Modeling is used that allows the knowledge present in documentation, applications and people’s minds to be elicited and represented in a completely structured fashion. To capture the knowledge in a model the OMG’s open knowledge standard SBVR is applied.