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In this YouTube tutorial, Thomas Suit explains the concept of a Statement of Work (SOW) in project management. He delves into the definition of SOW as a document outlining project terms, objectives, scope of work, deliverables, timelines, and expectations. The SOW serves as a communication tool between the customer and the vendor, specifying the work to be done. Essentially, it defines the project scope and outlines what needs to be achieved by both parties.