Please tell me about input color space, timeline color space, output color space and LUT.
The video below explains the input color space, timeline color space, and output color space in an easy-to-understand manner.
It also explains the advantages of setting on a project-by-project basis via project settings and setting on a per-clip basis.
It may be a basic thing, but color management is quite difficult to get into, so I don't really understand it! I think it's just a glance.
Many of the explanations of this kind are given by professionals or semi-professionals who are quite knowledgeable and particular, and many of them require pre-requisite knowledge, but I think this video is easy to understand.