Scope:

 combined objectives and requirements needed to complete a project. The term is

often used in project management as well as in consulting. Properly defining the
scope of a project allows managers to estimate costs and the time required to finish
the project. Proper defined scope saves both time and money.

Two types of it generally

Product Scope

Product scope identifies the characteristics and functions of a product or service.

These characteristics include physical features such as size and materials, as well as
functional specifications. Functional considerations include what the product is
designed to do and its purpose or end-use.

Product scope focuses on the result or the actual offering. This is the final product
or service. Product scope may also refer to a service or other item for customer use.
Product scope often considers how to evaluate whether the object is on track for
completion and whether it meets the expected outcome. 

The Product Scope has a sum of all the features including their specification and how
these features work together.

Project scope

 It includes identifying and documenting the project's goals, deliverables, tasks,
project members, deadlines, and milestones. Documentation consists of the scope
statement, statement of work, and a breakdown of the work structure. The project
scope also outlines the project's limits by specifying what is not included within the
scope of the plan. It can incorporate information about the project's budget or
available resources. Information regarding the project schedule, as well as the
assignment of tasks, may also be included in the project scope. Project scope is a
way to set boundaries on your project and define exactly what goals, deadlines, and
project deliverables you'll be working towards.