Managing the configurations of software and hardware assets in an enterprise is important for several reasons. "Knowing what you have" enables IT managers to make decisions about future investments and retiring old assets, standardize existing assets, manage change across the enterprise, and troubleshoot performance problems related to configurations.
Most configuration management solutions today are compliant with the best practices laid out by the IT Information Library (ITIL) framework. All the assets are stored in a central repository called the Configuration Management Database (CMDB). Configuration parameters such as
init.ora parameters for a database, or
startup parameters for a WebLogic application ...