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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 scope, deliverables, timelines, and expectations. It serves as a guide for both the customer and vendor in understanding what needs to be done. The SOW essentially defines the work to be done and establishes expectations between parties involved in the project.