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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.

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 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.

How to Write a Good Statement of Work Introduce the project. 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.

Term of the SOW: A clause statement the period of time that the work or services will be performed. Location: A description of where the work or services will be performed. Timelines: A clear and detailed description of the project timeline(s). Deadlines: A clear and accurate provision indicating all project deadlines.

It should also be signed by both the vendor and the client before work begins or payment is issued. Adobe makes it easy to create digitized business documents like timesheets, contracts, and much more.

What Is a Statement of Work? 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 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.