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The text discusses the importance of the Statement of Work (SOW) in project management, particularly in relation to the Project Management Body of Knowledge. It explains that the SOW describes the project or service contract terms, objectives, scope of work, deliverables, timelines, and expectations between the customer and the vendor. The SOW essentially outlines what needs to be done to meet the project objectives. It acts as a document that defines the scope of work agreed upon by both parties.
