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SOW For Agile Projects
"I need a SOW for Agile Projects to engage a software development vendor for a 6-month fintech project starting January 2025, with specific provisions for fortnightly sprints and a team of 8 developers, including requirements for financial services compliance and data security."
1. Parties: Identification and details of the contracting parties
2. Background: Context of the agreement and high-level project objectives
3. Definitions: Key terms used throughout the SOW, including Agile-specific terminology
4. Scope of Services: High-level description of services, including project vision and objectives
5. Agile Methodology: Description of the specific Agile framework to be used and key ceremonies
6. Team Structure and Roles: Definition of team composition, roles, and responsibilities
7. Deliverables: Description of expected outputs and definition of 'Done'
8. Timeline and Milestones: High-level project timeline and key milestone dates
9. Pricing and Payment Terms: Fee structure, payment schedule, and invoicing arrangements
1. Acceptance Testing: Detailed acceptance criteria and testing procedures for when formal acceptance testing is required
2. Security Requirements: Specific security standards and compliance requirements for handling sensitive data or systems
3. Performance Metrics: KPIs and performance measurement criteria for when specific performance targets are required
4. Change Control: Procedures for managing changes to scope or requirements when formal change management is needed
1. Product Backlog: Initial high-level requirements and user stories
2. Rate Card: Detailed breakdown of rates for different roles and services
3. Technical Requirements: Detailed technical specifications and constraints
4. Acceptance Criteria Template: Standard template for defining acceptance criteria
5. Project Governance Model: Detailed description of governance structure and processes
6. Resource Plan: Detailed staffing plan and resource allocation
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