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In this video tutorial, Thomas Suit discusses the concept of a Statement of Work (SOW) in project management, especially in relation to 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 deliverables, timelines, and other expectations. It serves as a guide for defining what needs to be done between the customer and the vendor, clarifying the scope of work required. The SOW acts as a document that specifies the tasks that need to be completed.