The SOW is a legal contract used to document the agreement between parties after the business terms have been accepted and a go decision is made.

Question

Quizplus · Accepted Answer

The statement correctly defines the purpose and nature of a SOW (Statement of Work), which is a legally binding agreement between the parties involved in a project, outlining the scope of work, deliverables, timelines, and other essential terms and conditions. Once the parties agree on the SOW, it becomes a binding document that guides the project execution and sets the foundation for further negotiations and amendment if needed.

The SOW Is a Legal Contract Used to Document the Agreement