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A Statement of Work, often known as an SOW, is a business agreement that outlines deliverables and project goals. It's created to keep everyone on the same page about deadlines, scope of work, and project expectations.

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 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.

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.

The format for most statements of work includes the following components. Introduction.Objectives/Purpose.Scope of Work.Requirements and Tasks.Period of Performance.Place of Performance.Resources and Testing.Deliverables and Schedule/Timeline.

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.

Organizations that hire contingent workers should use statements of work (SOW) as part of their procurement process. A SOW is a formal document that provides direction to the vendor or contractor about how the work should be performed.

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 Scope of Work (SOW) is a fundamental piece of a Request for Proposal (RFP) and describes what the company is looking to achieve as a result of the RFP. The SOW helps ensure that the product or service meets the company's needs and establishes the parameters of what could be included in the resulting contract.

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.