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A statement of work should contain; an overview, governance detail, the approach, phases and tasks, deliverables, timeline and milestones, estimate and payment schedule, and any assumptions.

Performance Work Statement (PWS) / Statement of Objectives (SOO)Describe work in terms of required results rather than how the work is to be accomplished or the number of hours to be provided.Enable assessment of work performance against measurable performance standards.More items...

The statement of work (SOW) is a legally binding document that captures and defines all the work management aspects of your project. You'll note the activities, deliverables and timetable for the project.

A statement of work (SOW) is a document that provides a description of a given project's requirements. It defines the scope of work being provided, project deliverables, timelines, work location, and payment terms and conditions.

The main purpose of the SOW is to define the liabilities, responsibilities and work agreements between two parties, usually clients and service providers. SOWs should be written in precise language that is relevant to the field of business. This prevents misinterpretations of terms and requirements.

According to FAR 2.101, Performance Work Statement means a statement of work for performance-based acquisitions that describes the required results in clear, specific and objective terms with measurable outcomes. In other words, a PWS says what needs to be done, but does not say how the work is to be accomplished.

Common elements of an SOW include:Project objectives.Project scope.Major deliverables.Tasks that support the deliverables, and which party will complete them.Timeline for completion of work.Location of work and resources, equipment, and facilities needed.Payment costs, terms, and deadlines.More items...?Nov 8, 2016