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In this tutorial, Thomas Suit discusses the importance of a Statement of Work (SOW) in project management, as outlined in the PMBOK or PMI. The 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 guide for the customer and vendor to define what needs to be done and what is expected in a project. The SOW acts as a document that defines the scope of work between the customer and the vendor.