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In today's tutorial, Thomas Suit discusses the importance of a Statement of Work (SOW) in project management according to PMBOK or PMI. The SOW is a document that outlines the terms and objectives of a project or service contract, including scope of work, deliverables, timelines, and expectations. It serves as a communication tool between the customer and vendor, clarifying what needs to be done. This document defines the actions required to meet project objectives.