Statement of work: A document routinely used to describe services to be rendered. It provides a clear understanding of the project-specific activities, deliverables and timelines. Also known as a SOW.

For example, an objective for an advertising statement of work may be to position a client company as a price leader among regional competitors by increasing brand awareness.

Crafting a Good Statement of Work. Whether the statement is a Word document or a PowerPoint deck—avoid an email-based statement, as it is difficult to update and track information exchange—giving ...

Depending upon the size and complexity of the agreement, the negotiations may go something like this: the supplier sends its form Master Services Agreement ("MSA") and an initial Statement of Work ...