Expand Signature Statement Of Work For Free

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, also known as ?scope of work? is a contractual document that outlines what goes into the project in as much detail as possible. A Guide to the Project Management Body of Knowledge (PMBOK) defines a statement of work as ?a narrative description of products or services to be supplied under contract.?

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.

Who puts statements of work together? Like most project management documents, SoWs are best written collaboratively. However, there are two main parties involved: the client or service provider and the company. SoWs need to be approved by two parties before work on your project really begins.

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.

A statement of work means all provisions of a contract that describe the services or work to be performed or products to be delivered by a contractor, subcontractor, or agency, as specified in the document. A statement of work's products may include any related technical specifications, deadlines, or deliverables.

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.