Statement Of Work (SOW)
Statement Of Work (SOW)
This type of contract defines responsibilities, timelines, deadlines, liabilities, and deliverables in the project management field. SOW can also stand for the scope of work as a subsection of the contract. A well-organized statement of work can be beneficial, especially when organizing and setting project goals. It can also be an easier way to assign projects to freelancers or independent contractors.
When managing a statement of work, ensure that the initial scope of service highlighted in the SOW is carried out within the establishment timeframe and the budget.