This document provides an overview and configuration tips for Nova, the compute component of OpenStack. It discusses Nova architecture, customizing Nova by choosing backends like hypervisor, database and message queue. It also summarizes new features in Folsom like scheduler and virtualization options, and provides comparisons of RPC backends, databases, and virtualization options available in Nova. Configuration options in Nova are categorized by type and new options introduced in Folsom release are highlighted. Examples of customizing compute manager and scheduler options are also provided.