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A statement of work (shortened as SOW, SoW, or sow) is an essential component of a client-vendor contract. It ensures the project follows expectations and agreed-upon guidelines. It also summarizes what's within and out of scope to mitigate scope creep, and what the project cost covers, among other things.

A Statement of Work (SOW) includes explicit direction for the contractor to follow and is typically used when the task is well-known and can be described in specific terms. A SOW may also contain references to desired performance outcomes, performance standards, and metrics, which is a preferred approach.

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

Here are the 7 things you should include in your Statement of Work: Scope of Work. Include what's actually going to be done, or what could be done if required.Deliverables.Timeline and Resources.Payment Terms.Client Services.Changes.Terms and Conditions.

The Key Elements of a SOW Project objectives. Most of the time, this section is a purpose statement that answers a set of very specific, big questions.Scope of work.Place & time of execution.Milestones.Tasks.Schedule.Deliverables.Testing.

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 SoW is not legally binding. As such, it is often accompanied by a formal legal contract that outlines the specifics of an agreement such as the parties, terms, reporting requirements, payment obligations, etc.

A statement of work is a critical project management component that keeps all parties on the same page while letting a client know that you're interested in their project. Effective statements of work outline the relevant project details that protect the rights and secure the obligations of all parties.