Project Scope Management is a crucial aspect of project management that involves defining and controlling what is included and excluded in a project. It ensures that all stakeholders have a clear understanding of the project's objectives, deliverables, and boundaries. This process helps prevent scope creep, which can lead to project delays and budget overruns. The main components of Project Scope Management include scope planning, scope definition, scope verification, and scope control. By effectively managing the project scope, teams can maintain focus on their goals, allocate resources efficiently, and deliver successful outcomes that meet stakeholder expectations.