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The video tutorial discusses the concept of a Statement of Work (SOW) in project management, specifically in the context of the Project Management Body of Knowledge (PMBOK) or PMI. The SOW is a document that outlines the terms and objectives of a project or service contract, including the scope of work, deliverables, timelines, and expectations. It serves as a communication tool between the customer and the vendor, defining what needs to be done. Essentially, the SOW is a document that outlines the work to be completed in a project.