Which practice exists to ensure that accurate and reliable information about the configuration of services, and about the configuration items that support them, is available when and where it is needed?

ITIL 4 Foundation, objective 6. Purpose and key terms of 15 ITIL practices medium

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The options

Correct Service configuration management

Correct. Its purpose is exactly this: accurate and reliable information about the configuration of services, and about the CIs that support them, available when and where it is needed.

Not correct IT asset management

IT asset management plans and manages the full lifecycle of assets, and its test is financial value, purchase, re-use and retirement. It does not exist to describe how components are configured or how they relate to each other.

Not correct Monitoring and event management

Monitoring and event management observes services and records and reports selected changes of state. It consumes configuration information to interpret what it sees, rather than maintaining it.

Not correct Release management

Release management makes new and changed services and features available for use. It relies on accurate configuration information but is not responsible for producing or maintaining it.

Why

Two phrases carry the meaning: 'when and where it is needed', which makes usefulness rather than completeness the standard, and 'the CIs that support them', which is why the relationships between components matter as much as the components. Contrast the financial-value test that defines an IT asset.

Where this comes from

Cited
ITIL 4 syllabus clause 6

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