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The Statement of Work, also known as SOW, is a document that outlines the terms and objectives of a project or service contract, including deliverables, timelines, and expectations. It is a key aspect of project management, as it defines the scope of work required to meet the project objectives and outlines the responsibilities of both the customer and the vendor. The SOW acts as a document that defines what needs to be done between the customer and the vendor to ensure clarity and successful project completion.