Philosophy No organisation can be fully eﬃcient or eﬀective unless it manages its assets, particularly if the assets are vital to the running of the organisation’s business. A project’s assets likewise have to be managed. The assets of the project are the products that it develops. The name for the combined set of these assets is a conﬁguration. The conﬁguration of the ﬁnal deliverable of a project is the sum total of its products.