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What is a Statement of Work?
A Statement of Work can be used to detail the objectives, purpose, and terms for a project. A Statement of Work can also help businesses or individuals understand the products or services that need to be delivered and outline what each party will be responsible for over the course of the project. No matter how small a project is, the Statement of Work should be used to record the details of a project and the terms under which the project will be executed. Using a Statement of Work helps you keep track of important information regarding a project and keeps the parties well informed and focused on the project goals.
When to use a Statement of Work:
- Your business will be providing services or products to a business or individual for a specific project.
- Your business will be working with another business or individual on a specific project.
- You will be contracting with a business or individual to work on a specific project.