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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.

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.

An SOW typically includes: Scope of work. Project objectives. Schedule. Tasks. Deliverables. Payment of the project. Expected outcomes. Certain terms, conditions and requirements.

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.

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.

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 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.