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A statement of work (SoW) is a project document that lays out project requirements, terms, timelines, contractors, etc. It's a detailed, high-level plan that helps set expectations for budgeting, resource needs, timing, and other important factors.

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

Each project requires a unique SOW that outlines the specifics of that engagement. That said, almost all SOWs will include seven elements: the Scope of Work, deliverables, time and resources, payment terms, client services, changes, and terms and conditions.

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.

Also known as a scope of work, a statement of work (SOW) defines the scope of a project between a business and a client. Keep in mind that an SOW only covers the specifics of a project?it doesn't take the place of a contractor agreement that goes into details like NDAs and deliverable ownership.

A successful SOW should include all elements necessary for the satisfactory completion of the project, such as the timeline and scope of the work, deliverables from the contractor, payment terms between both parties and quality standards.

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. Create the schedule.