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In this video tutorial, Thomas Suit discusses the concept of a Statement of Work (SOW) in project management, specifically focusing on the Project Management Body of Knowledge (PMBOK) or Project Management Institute (PMI). The SOW is a document that outlines the terms and objectives of a project or service contract, including the scope of work, deliverables, timelines, and expectations. It serves as a guide for the relationship between the customer and the vendor, establishing what needs to be done. The SOW essentially defines the tasks and responsibilities to be completed.