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A statement of work (SOW), in project management, is a document in which a contracting officer or chief procurement officer (CPO) specifies the objectives and deliverables for a particular project or service contract.

A statement of work (SOW) is a document routinely employed in the field of project management. It is the narrative description of a project's work requirement.The SOW typically also includes detailed requirements and pricing, with standard regulatory and governance terms and conditions.

The document can be signed when all the previous 9 points have been thoroughly defined, read, and understood by both parties. The SOW is agreed upon and signed. Now, the statement of work document works as both the formal document and the practical action plan when initiating and implementing the project.

STATEMENT OF WORK (SOW) 2.1. TASK MANAGEMENT. The Contractor shall provide sufficient management to ensure that these tasks are performed efficiently, accurately, on time, and in compliance with the requirements of this document.

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...?Sept 10, 2020

A statement of work is legally binding, but it is not the final, formal contract signed at the end of the contracting process. It can be thought of as the formal foundation of a final contract.

A Statement of Work is a document used in project and contract management. Anytime a buyer needs to procure certain product or service or materials from a third party, statement of work is used to define the details of the work to be performed.