Colour Spaces, Profiles, Grading and Management
Technical information for how to consider and approach the use and need.
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10. Monitor Display Colour Management in Premiere
Ever think “this footage looked different on my other computer”? This information is about addressing display monitors and how they show your colour when viewing your media in Premiere.
From Adobe
When you move your files from monitor to monitor, the colours will shift. This shift occurs because every device has a different colour gamut and thus reproduces the colours differently.
Colour management translates the media colours so that each device can reproduce them in the same way. The colours that you see on your monitor are close to the colours in your printed image. All colours may not match exactly because the printer may not reproduce the same range of colours as the monitor.
This process is best described in Adobe's own documents and the helpful video tutorial.
Adobe Help Doc: Colour Management in Premiere