I just came across an interesting product from Schema Logic called Enterprise Vocabulary and Metadata Management for SharePoint.
They coined a term I’ve never heard in this context called BSM (Business Semantics Management). Watch the video "What we do" from the home page; it almost seemed like a Saturday Night Live parody.
I can imagine the conversation going something like –
“Dave, what do you do for your company?”
“I’m a BS Architect which manages the company’s BS”
LOL, you have to love a company with a sense of humor.