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The statement of work (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 is essential for defining the work to be done between the customer and the vendor, helping to clarify what the customer wants and what needs to be accomplished. The SOW is a crucial part of project management and is linked to the Project Management Body of Knowledge (PMBOK) or Project Management Institute (PMI).