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In the video tutorial, the speaker discusses the importance of a detailed Statement of Work (SoW) in project management. They emphasize that the SoW serves as an agreement between the project manager and the client, clarifying the project's budget, scope, deliverables, due dates, and pricing. The speaker criticizes the tendency to overlook these details, highlighting that a well-defined SoW can protect against disputes. The conversation suggests that if misunderstandings arise, having a properly drafted SoW can help resolve conflicts, even allowing for adjustments to be made, such as sending a revised document to the client.
