Work in progress: Definition

WORK IN PROGRESS definition: 1. something that is being developed or suggested but that is not yet complete: 2. the value of…. Learn more. Work in progress and work in process are variants of a noun phrase that means a job or project that isn’t finished yet. Both have been used over the past 200 years, but today work in progress is the standard variant. Work In Progress : What is meant by Work In Progress? Learn about Work In Progress in detail, including its explanation, and significance in Finance on The Economic Times. Work-in-progress (WIP) refers to partially finished goods that are not yet ready for sale, with costs including raw materials, labor, and overhead. WIP is a crucial part of a company's...