Statement of Work (SOW)
A Statement of Work (SOW) is a document that provides a description of the requirements for a given project.
What is Statement of Work (SOW)?
Overview
A Statement of Work (SOW) is a document that provides a description of the requirements for a given project. It defines the scope of work to be awarded, project deliverables, timelines, work location, and payment terms and conditions.
A Statement of Work (SOW) is a legally binding document that captures and defines all work management aspects of your project. You will note down the activities, deliverables, and timetable for the project. It is a very detailed works contract that defines the terms and conditions agreed upon between the parties and forms the basis for project planning.
A well-written SOW will define the scope and key performance indicators (KPIs) of the agreement. These KPIs can then be used as a baseline to determine whether the service provider has met the terms of the SOW.
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