Final answer:
A specific version or configuration of an asset is handled through configuration management, which is crucial for maintaining the asset's quality and reliability throughout its lifecycle.
Step-by-step explanation:
The specific version or configuration of an asset used for managing and tracking through the lifecycle is known as configuration management. This involves the process to manage versions of various assets to ensure that they are accurately accounted for, audited, and capable of being restored throughout their lifecycle. How organizations handle this configuration can directly impact the quality, reliability, and efficiency of the asset management process.