Statement Of Work

STATEMENT OF WORK

What is a Statement of Work?

A contract's Statement of Work (SOW) is a document that outlines the work specifications for a particular project, as well as the performance and design goals.

The primary function of the SOW is to specify the obligations, duties, and work agreements between two parties, often clients and service providers.The wording used in SOWs should be precise and pertinent to the business world. This avoids misunderstandings of words and specifications. A SOW is indeed a general description of the job, despite having thorough. You can check out the statement of work to know more about it.

Why it is difficult to write a good statement of work?

Complexity: Each contract's SOW is different and can vary widely based on the kind of work needed, how long it will take, and the contract mechanism being used.

Hazards: A poor SOW can carry significant operational, financial, legal, contractual, and reputational risks.

Expertise: There is a dearth of qualified authors who are aware of the contractual, financial, and operational needs of a compliant and enforceable SOW.

SOURCE:https://empmonitor.com/blog/statement-of-workbest-guide/