A FactEngine Statement of Work (SOW) typically includes the following key sections. If you need extra sections, please contact FactEngine.
FactEngine may produce a Statement of Work is produced for each quoted engagement entered into with FactEngine along with a legal statement of all Intellectual Property (IP) ownership.
- Introduction: This section provides an overview of the project and its purpose. It should include information on the client, the vendor, the scope of work, and the timeline for completion.
- Objectives: This section outlines the goals of the project and what the client hopes to achieve through the work. It should be specific and measurable, and may include metrics for success.
- Scope of Work: This section describes in detail the work that will be performed by the vendor. It should include a breakdown of tasks, deliverables, timelines, and resources required.
- Assumptions and Constraints: This section outlines any assumptions that the vendor is making about the project, as well as any limitations or constraints that may impact the work.
- Project Management: This section outlines how the project will be managed, including communication plans, reporting, and any tools or methodologies that will be used.
- Deliverables: This section lists the specific deliverables that will be provided by the vendor, along with any deadlines and acceptance criteria.
- Acceptance Criteria: This section outlines the criteria that must be met in order for the client to accept the work. It should be specific and measurable.
- Schedule: This section provides a detailed timeline for the project, including milestones, deadlines, and dependencies.
- Budget: This section outlines the budget for the project, including costs for materials, labour, and any other expenses.
- Change Management: This section outlines the process for managing changes to the project scope, schedule, or budget. It should include information on how changes will be requested, evaluated, and approved.
- Risk Management: This section outlines the risks associated with the project and how they will be managed. It should include a risk management plan that outlines strategies for mitigating, monitoring, and controlling risks.