What is Statement of Work(SOW) ?
"A Statement of Work outlines the scope of work to be performed and identifies the objectives, tasks, and schedule related to that work"
SOW's are very detailed and binding contracts that specify all the details related to a project, including reporting hierarchies, timelines, budgets, resources and other terms and conditions related to that project or work.
It is a clearly written project management plan detailing the minutest aspects of the project to bring all the stakeholders on the same page.
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SOW is a detailed statement which includes plan, budget, finance, allocated resources and every other minute details regarding any project or work. And to execute and project or work effectively we have to take care or each and every detail related to that project .. So this makes the SOW important ... Here's a guide that gives you an idea about what is SOW and related things ..
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