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This video tutorial explains the concept of a Statement of Work (SOW) in project management, as outlined in the PMBOK or PMI. SOW is a document that outlines the terms, objectives, scope of work, deliverables, timelines, and expectations of a project or service contract. It serves as a way for both the customer and the vendor to understand and define what needs to be done. The SOW essentially defines the scope of work between the customer and the vendor.