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A Statement of Work (SOW) is a formal document that defines the entire scope of work involved for a vendor and clarifies deliverables, costs, and timeline. It is needed when a project involves vendors and external contributors in addition to the internal project team.

How to Write a Good Statement of WorkIntroduce the project. You always begin the statement of work with an introduction.Define the vision.Set the project requirements.Define the scope.Set the deadline of the project.Allocate key resources.Create the schedule.Specify the terms of payment and due dates.More items...?Sep 10, 2020

The statement of work should include:All deliverables and due dates.The individual tasks that lead to the deliverable, and who these tasks are assigned to.The resources needed for the project including facilities, equipment, and QA procedures.The governance process for the project.Costs and deadlines for payment.

Coordinator: this person is responsible for planning SOW and its parts. Author: there can be one or several authors responsible for creating a draft of SOW.

Lay out what will be accomplished, and when. Include deadlines, milestones, and other relevant information. Think of it as the verbal, more friendly version of the Terms and Conditions (see below). After all, a large factor in meeting your own deliverables is having a cooperative partner on the other end.

A SOW defines the scope of work required and the time in which it's to be performed. It's "the cornerstone to an agreement," says Nick Scafidi, IT procurement manager at energy supplier National Grid USA in Westboro, Mass. "It sets expectations, deliverables, what's acceptable, the price, the pricing schedule.

The Statement of Work (SOW) is an important tool used internally or externally to govern project activities performed by vendors or by departments within the organization. It is also legally binding and must be approved by the project's client before work can commence.

Sample Template Statement of Work A Statement of Work (SOW) is a narrative description of the required work. It stipulates the deliverables or services required to fulfill the contract, and it defines the task to be accomplished or services to be delivered in clear, concise and meaningful terms.

A statement of work is a highly detailed, legally-binding contract, while a project charter is a shorter, high-level, non-legal overview. You'll often create project charters after the SOW. There's no difference between a scope of work and a statement of work.

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.Ultimately, finding savings opportunities and reporting on a project's overall success.