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Statements of Work (SOWs) Can Make or Break Your Business Creating an SOW helps clients and vendors to stay aligned and reach their project goals together. A good SOW functions as both a contract agreement and a project management tool.

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.

Who writes the statement of work? 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.

The SOW is typically written by the client, but authors may vary, and more than one author may participate. This may include anyone from the project manager to a third-party contractor to the Chief Information Officer in the case of IT and software development projects.

It can be as simple as a list of tasks to do. On the other hand, it can go into further depth to outline the schedule of the project, the budget, constraints, milestones and a whole plethora of other business variables. The Statement of Work (SOW) plans out every aspect of the project from start to finish.

There are three main types of statement of work: Functional SOW. Performance SOW. Design SOW.

The most foundational part of a Statement of Work is the tasks that the vendor is to perform. Usually this is included in list form, itemizing the tasks to ensure a comprehensive list of project work. The task list is taken from the project scope statement.

A statement of work should include all elements necessary for successful project completion, including the scope of the work to be done and what is not included; the timeline of when the work is to be completed; and any applicable legal or regulatory requirements.

Deliverables are the quantifiable goods or services that need to be provided at the various steps of a project as well as at the end of a project.

These are the steps you can take to create a simple, but well-defined 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.