A "Change Request" is a formal proposal to modify a project or product. It can involve alterations in scope, budget, timeline, or specifications. Change Requests are essential in project management, as they help ensure that all stakeholders agree on the proposed changes and their implications. Typically, a Change Request includes details such as the reason for the change, its impact, and any necessary resources. This process helps maintain clear communication among team members and ensures that adjustments are documented and approved, minimizing potential disruptions to the project.