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In this video, the presenter discusses project scope, emphasizing its dual nature as both easy to define and difficult to agree upon. Project scope is central to effective project management and the biggest challenge managers face. The simplest way to understand project scope is through a visual representation, where everything inside a circle represents the project scope—tasks and deliverables the project manager must complete. Conversely, anything outside the circle is considered out of scope, which may include items that are not economically viable, unnecessary for the organization, or to be delivered by other projects at different times. These external elements are referred to as project exclusions.