This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.

In this episode you will learn:

- The five core activities of PRINCE2 configuration management are Planning, Identification, Control, Status Accounting, and Verification/Audit.

- The Configuration Management Strategy is the key document created during initiation that defines how all project products will be tracked and controlled.

- A 'baseline' is a formally approved version of a product; any changes to it must go through a formal change control procedure to prevent scope creep.

- Each product is tracked using a Configuration Item Record, which details its unique identifier, version, status, owner, and relationships to other items.

- Verification and audit are crucial for ensuring the configuration records accurately reflect the actual state of the products, which is distinct from quality control.

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