I also suggest you learn what a SOW is, About the author of this article I have read a lot of good things. Ultimately, a statement of work can be a powerful tool that helps you complete projects efficiently while staying within budget. Having an effective SOW is critical to the successful completion of a project. A successful SOW should include all the elements necessary for satisfactory completion of the project, such as timelines and scope of work, deliverables from the contractor, payment terms between both parties, and quality standards.