1. A computer-based method for determining a root cause of a condition of at least one subject component in a computing environment, the method comprising the steps of: identifying one or more components in the computing environment upon which the at least one subject component depends, wherein identification comprises traversing at least a portion of a model representative of an existence of one or more relationships associated with at least a portion of components of the computing environment and which is capable of accounting for a full lifecycle associated with at least one component of the computing environment; and performing one or more procedures in accordance with the one or more identified components to determine a condition status associated with each of the one or more identified components.