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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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The Bottom Line
As noted, the Statement Of Work is a detailed overview of the project scope. It’s also a way to share the project requirements, acceptance criteria, payment terms, allocated resources, finances and other requisites with those who are working on the project, whether they are colla...
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SOW in Project Management
A comprehensive SOW agreement defines each and every aspect of the project in clear terms to all parties involved.
A formal SOW document is especially helpful when working with external resources or outsourcing projects to vendors or third parties. It serve...
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Scope V/S SOW
At times we thought that SCOPE of a project also includes details regarding that project , so whats the difference, but it is not true because:
Scope of Work deals with a brief overview of the project, the list of tasks, a detailed description of services, members, o...
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Student, Eager to learn either through life , experiences or people, Passionate about the things i love #passionate .. #explorer
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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