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Professor K discusses the importance of developing a Statement of Work (SOW) in project management. The SOW outlines project requirements, timelines, services, activities, deliverables, and budgetary information. It ensures that all parties involved in the project understand what is included. The SOW is the final document agreed upon before work begins and outlines the work to be performed, including deliverables and responsibilities to the customer. Key parts of the SOW include the scope of work and schedule.
