A statement of work (SOW) is a document that outlines the objectives, deliverables, scope of work, and timeline for a specific project or service. It typically includes details about the work to be done, the timeline for completion, and any specific requirements or deliverables.
An SOW is usually created by a client or project manager and given to a contractor or service provider as part of a contract agreement. The purpose of an SOW is to clearly define the expectations and requirements for a project or service, so that all parties involved are on the same page.
Here are some examples of what might be included in a statement of work:
- A description of the project or service
- The specific deliverables required, such as reports or products
- Any deadlines or milestones
- The budget or payment terms
- The roles and responsibilities of each party involved
- Any specific technical requirements or standards that must be met
- Any legal or regulatory requirements that must be adhered to.
Overall, an SOW is a critical component of any project or service agreement, as it helps to ensure that all parties involved have a clear understanding of what is expected and required.