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FactEngine - Statement of Work Overview

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.

  1. 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.

  2. 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.

  3. 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.

  4. 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.

  5. Project Management: This section outlines how the project will be managed, including communication plans, reporting, and any tools or methodologies that will be used.

  6. Deliverables: This section lists the specific deliverables that will be provided by the vendor, along with any deadlines and acceptance criteria.

  7. 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.

  8. Schedule: This section provides a detailed timeline for the project, including milestones, deadlines, and dependencies.

  9. Budget: This section outlines the budget for the project, including costs for materials, labour, and any other expenses.

  10. 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.

  11. 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.