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In this video tutorial, Thomas Suit explains the Statement of Work (SOW), a key concept in project management, particularly within the Project Management Body of Knowledge (PMBOK) framework. The SOW is defined as a document that outlines the terms and objectives of a project or service contract. It includes details such as the scope of work, deliverables, timelines, and other expectations between the customer and the vendor. Essentially, the SOW clarifies what the customer wants and what the vendor is expected to accomplish, serving as a foundational document for project execution.