1. A computer-implemented method for managing creation of new databases, comprising: receiving input related to at least one proposed database design; generating, by one or more data processors, a report summary of one or more costs and benefits associated with the proposed database design, wherein the reported costs account for the resources required by the design from system operations and reported benefits account for the advantages provided by the design through specific applications relative to the use of existing databases; calculating, by one or more data processors, a relative value index that measures the overall ranking of the proposed database design relative to a current population of enterprise implemented databases; and developing, by one or more data processors, an approval recommendation report based on the calculated value index.