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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 scope, deliverables, timelines, and expectations. It is essential in defining the tasks to be completed between the customer and the vendor. This document is crucial for project management and is part of the Project Management Body of Knowledge (PMBOK) or Project Management Institute (PMI). The SOW essentially defines what needs to be done and clarifies the responsibilities of each party involved.