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In this video tutorial, the presenter explains how to create a project scope statement and provides a simple strategy for doing so. The project scope statement is essential for understanding and defining the project's objectives. The presenter emphasizes the importance of the scope statement in project management and offers a project scope statement example. Viewers are encouraged to subscribe for more project management advice and learn about avoiding project failure. Understanding the significance of the scope statement is crucial as it sets the foundation for the project's direction and objectives.