Using Drupal for status reports

I'm thinking about using Drupal for a status report application.

General Requirements:
There are 4 different levels of people... let's call them analyst, manager, director, director 2. The analyst will fill in their status using different fields. The manager will then review the status report and "weed out" items that he/she doesn't want to be on the status report. The manager then sends the status report to director. Director does the same thing (weeds out and refines the report) and then sends it on to Director 2.

Of course the regular sorting/filtering functions will be needed as well.

So in a nutshell, each level narrows down the status report before sending it up the chain. I'm sure this can be done in Drupal, but how would this be accomplished (high level)? I ran across the Storm module. Would this fit? Thanks for any suggestions!