Software Configuration Management (SCM) systematically manages changes to documents, code, and other project artifacts. It aims to increase productivity with minimal mistakes. SCM identifies configuration items and uses version control and change management to facilitate concurrent changes by multiple developers. Key participants include a configuration manager approving changes, developers maintaining configurations, auditors ensuring consistency and completeness of releases, and a project manager monitoring progress. SCM tools provide concurrency management to prevent issues from concurrent edits and version control to rollback changes. The SCM process involves configuration identification, baselining versions, change control, status tracking, and audits.