
Drive More Value With
Statement of Work (SOW)
Reasons to
Let Us Handle Your SOW Services
Access to talent
When your team lacks the specialized skills or experience to complete a project, turn to us as your vendor or contractor. We have the expertise you need to get the job done right.
Flexibility
For companies that need services on a temporary or project-specific basis, engaging a vendor or contractor can provide more flexibility compared to hiring full-time staff.
Cost-effectiveness
Choosing a vendor or contractor on a temporary or project-by-project basis offers a cost-effective solution, reducing overheads compared to hiring full-time employees.
Scalability
When a company needs to scale operations up or down on a project-by-project basis, using a vendor or contractor offers the flexibility to adjust accordingly.
Quality
A company may opt to work with a vendor or contractor who has a proven track record of delivering high-quality work and meeting expectations.
Time-saving
Engaging a vendor or contractor helps a company conserve time and resources, enabling them to concentrate on their core business activities rather than handling all project tasks in-house.
YOU MAY NEED TO KNOW
Frequently Asked Questions
Why is an SOW important?
An SOW is crucial because it provides a detailed framework for a project, ensuring both parties have a clear understanding of expectations, deadlines, and responsibilities. It helps prevent misunderstandings, reduces scope creep, and serves as a reference for resolving any disputes that may arise during the project.
What should be included in an SOW?
An SOW typically includes project scope, objectives, deliverables, timelines, payment terms, performance standards, and any specific requirements. It may also outline terms related to confidentiality, intellectual property, and the handling of any potential issues or disputes.
How does an SOW benefit businesses?
An SOW ensures that projects are executed smoothly by establishing clear guidelines and expectations. It helps businesses stay on track by defining roles and responsibilities, preventing scope creep, and improving project efficiency through a well-defined structure.
Who creates the Statement of Work (SOW)?
The SOW is typically created by the company or service provider, often in collaboration with the client. It’s usually the responsibility of the project manager or contract manager to draft the document, ensuring it aligns with both parties' objectives and expectations.
Can an SOW be modified during a project?
Yes, an SOW can be modified if both parties agree to changes. Any modifications should be documented through a change order or addendum to the original SOW to ensure both parties are aligned on the updated terms and conditions.
What are the risks of not having an SOW in place?
Without an SOW, there is a risk of misunderstandings or miscommunication about project scope, deadlines, and deliverables. This can lead to disputes, missed deadlines, cost overruns, and reduced quality, ultimately damaging the business relationship and project success.
Why Wait? Reach New Levels with N2S.
Looking for a local office? With 34 locations worldwide, we’re closer than you think. Considering a career at N2S? Discover what it’s like to be part of our team or connect with us on social media. Ready to collaborate? Dive into our consulting services and industry-leading expertise today!