A Statement of Work (SoW) is a formal document that outlines the agreement between a supplier or vendor and the customer. It details what will be delivered, the timeline of delivery, and the cost. While it is a critical tool for project planning, governance, and scope control, it typically does not include a SWOT analysis. A SWOT analysis is a separate strategic planning tool used to identify strengths, weaknesses, opportunities, and threats related to project management or organizational strategy. It helps in developing strategies to manage these factors12.
References:
Jexo’s PPM Glossary1
PMO365’s article on Statement of Work3
Jexo’s PPM Glossary on SWOT Analysis2
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