A projective resolution of a module is an exact sequence of module homomorphisms that starts with a projective module and ends with the given module, providing a way to express the module as a quotient of a projective module. This concept is important because it helps in studying the properties of modules and their relationships to other modules through homological algebra. Projective resolutions play a critical role in computing the Ext and Tor functors, which measure the extent to which a module fails to be projective or flat, respectively.
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