Developing the statement of work (SOW) provides clear direction to projects and it is an effective tool for managing stakeholders and their expectations. Developing the SOW and the responsibility matrix balances the project based on high-level estimates of the cost, schedule, quality, and resource requirements. For a project that you are familiar with, develop a statement of work. Developing the statement of work (SOW) provides clear direction to projects and it is an effective tool for managing stakeholders and their expectations. Developing the SOW and the responsibility matrix balances the project based on high-level estimates of the cost, schedule, quality, and resource requirements. For a project that you are familiar with, develop a statement of work