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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
Authors
Agile Methodology
Backlog
Burn-down Chart
Business Days
Change Request
Confidential Information
Definition of Done
Deliverables
Epic
Force Majeure Event
Intellectual Property Rights
Iteration
Key Personnel
Minimum Viable Product
Product Owner
Project
Project Sponsor
Release
Retrospective
Scrum Master
Services
Sprint
Sprint Planning
Sprint Review
Stakeholders
Stand-up Meeting
Story Points
Team
Time and Materials
User Story
Velocity
Agile Methodology and Process
Team Composition
Roles and Responsibilities
Payment Terms
Acceptance Criteria
Change Control
Service Levels
Intellectual Property Rights
Confidentiality
Data Protection
Force Majeure
Termination
Dispute Resolution
Liability and Indemnification
Insurance
Warranties
Assignment and Subcontracting
Governance
Reporting Requirements
Quality Assurance
Security Requirements
Resource Management
Performance Metrics
Exit Management
Non-Solicitation
Notices
Entire Agreement
Severability
Governing Law and Jurisdiction
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