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Thomas Suit discusses the concept of the Statement of Work (SOW) in project management, focusing on its importance in defining project objectives, scope of work, deliverables, timelines, and expectations between the customer and vendor. The SOW is a document that outlines the terms and objectives of a project or service contract. It serves as a guide for what needs to be done and clarifies the customer's requirements. The SOW is crucial for effective project management and communication.