Statement of Work (SOW) Framework: Engagement Patterns
Getting a handle on Statement of Work (SOW) spend can boil down to the ability to see the forest through the trees. It may seem like an unfeasible undertaking to centralize the management of your SOWs; however, it is possible if you take a systematic approach to understanding how your organization currently uses them.
Because most organizations are already utilizing SOWs in one way or another, the issue isn’t understanding the basics of how they work. Instead, companies are now taking a step back and looking at their programs more holistically before diving into the tactical resolutions that will help them achieve goals such as better quality, higher efficiency, risk mitigation and cost savings.
Identifying factors such as the service category, engagement pattern and administration type can help determine the tactical business processes that will make management easier.
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