A Scope of Work document is an official document that is used to describe the full extent of the work. Therefore, a Scope of Work document should be prepared by someone who has an in-depth understanding of what exactly the work entails. A Scope of Work document covers all aspects of the work under discussion. This includes the feasibility study, the budget, and the expected time frame among other important aspects of the business. Moreover, drafting a Scope of Work document can be done by more than two people especially in the case where the work involved is a major project. Here are some tips which should be considered when drafting a Scope of Work document.
The Feasibility Study
Before drafting a Scope of Work document, it is important to do a feasibility study. A feasibility study is an activity carried out to determine whether the work can practically do or not. A feasibility study is a field study. For example, if you are planning to start a business, a feasibility study can be done to establish where the best market for your goods is available. It can also be used to establish the expected challenges that will be faced throughout the work period, and it can also be used to give a rough idea of the profit expected to be gained.
All the Finances Involved
As stated earlier, a Scope of Work document covers all the aspects of the business. The financial aspect is not left out. A Scope of Work document should include all the cash flow within the business. This includes the budget for all the expenses incurred (including the miscellaneous expenses). A good Scope of Work document should include all the finances which will be handled within the business. This will be able to give a rough idea on how much capital should be invested. It has been used to point out any areas where the finances were not handled correctly, and maybe some cash was wasted as a result.
The Time Frame of the Work
Time is an important aspect that should be considered when drafting a Scope of Work document. It is important to put into consideration the amount of time set aside for the project. This is important especially if it is a short-term project. It will enable the correct planning and budgeting so that the project ends in good time. However, even if the project is long-term, including the time frame when drafting the Scope of Work document will enable you to reach your set targets in good time.
A Scope of Work document is an important document, and it should be written after all the plans have been made. It should also be written by someone who has a clear understanding of all angles of the work. It should include the financial aspect of the work so that correct budgeting can be done and funds can be allocated in good time. It should also include the timeframe of the work. This is very critical in the case where there is a deadline that has to be met.
Here is our collection of 30 Ready-to-use Scope of Work Templates & Examples,
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