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Statement of Work
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What is Statement of Work Documentation?
Statement of work helps ensure the success of a project by explaining how the project will get implemented, the risks involved and the phases of the project along with milestones and deliverables. This thorough breakdown helps stakeholders and team members understand what the deliverables and timelines are for completion.
Why is Statement of Work Documentation Important?
Statement of work is an important document that helps all those involved in a project understand what's at stake, the importance level of the project, the risks involved, the budgets and a breakdown of what needs to be completed when. This document sets the expectations at the team level and the stakeholder level to keep each other accountable to ensure the project is a success.
What You Should Include in Statement of Work Documentation
Title
Project Information
Project Summary: Provide a brief summary of the what the project will entail.
Project Process: Explain the process that will be taken to complete the project.
Project Milestones: Add important project milestones and deliverables along with deadlines.
Overall Project Governance: How is the project going to be governed. Who's in charge, what is the status report expectations, etc.
Terms and Conditions: Are there specific terms and conditions needed before the project begins?
General Assumptions: What assumptions and risks are there? What can be done to mitigate those risks?
Phase Breakdown
Phase [n]: [Phase name]
- Phase description
- Deliverables and Assumptions
- Milestones + schedule
Repeat for each phase...
Budget
Approvals
Key benefits of Making Your Statement of Work Documents on Bit.ai
Bit is an collaborative interactive modern document platform that allows you to incorporate smart content inside of your documents. Businesses from across the globe are using Bit for fast beautiful documents.
Here are some of the man benefits of using Bit:
- Collaborate in real-time
- Interlink statement of work documents and other documents
- Create fully responsive documents
- Create private statement of work documents only visible to yourself or your team
- Track engagement on shared statement of work documents with consultants, partners, etc.
How to Make Your Statement of Work Interactive
Recommended power links and files you can add to your statement of work template:
- Web links
- Google Sheets, OneDrive Excel, Airtable
- GitHub
- Social Media posts
- YouTube, Vimeo
- Draw.io, Lucidcharts
- Sketchfab, Figma, Marvel
- PDFs, PowerPoint in Google Drive/OneDrive
