Statement of Work (SoW) is a basic document for software development businesses. It identifies and captures business factors thoroughly, creating a holistic image of the future project.
The SoW comprises a project timeframe, payment conditions, intended results, and more in an agreement with an agency, subcontractor, or service provider. You may compose the SoW with a customer to define your work process and plan or with a subcontractor to outline project component working conditions.
SoW means Scope of Work. Statement of Work versus Scope of Work describe project statements. A scope of work is part of the statement of work, which also includes the project's objectives, standards, and timeframe.
A statement of work demands dedication and detail. Once you know how the SoW should appear, you'll finish fast.
SoW importance in Software development
To grasp the value of SoW, you must first know what it means in "business".
SoW details present and future project plans. How does this affect a startup owner or project manager? An effective SOW may improve your company strategy. Thus, you may alter software development criteria, timeframe, etc.
A well-designed SoW ensures the customer the project will be successful. So, drafting the statement of work is required for any business, and Keypixel has a skilled staff to produce it, saving your partners and clients time and money.