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In today's video tutorial, Thomas Suit discusses the concept of a Statement of Work (SOW) in project management, specifically in relation to PMBOK or 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 acts as a common understanding between the customer and the vendor regarding what needs to be done. The SOW essentially defines the scope of work to be completed in a project.