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In this YouTube tutorial, Thomas Suit discusses the concept of a statement of work (SOW) in project management. The SOW is a document that outlines the terms, objectives, scope of work, deliverables, timelines, and expectations of a project or service contract. It serves as a communication tool between the customer and the vendor, defining what needs to be done and what the customer expects. The SOW is essential in project management to ensure clarity and alignment between all parties involved.