Works in Progress (WIP)

Works in Progress (WIP) refers to projects, tasks, or products that are currently underway but not yet completed. It encompasses all stages of development, from initial design to final refinement. WIP is used in industries like manufacturing and creative fields to monitor ongoing work, manage resources, and track progress. Managing WIP effectively helps prevent delays, reduce bottlenecks, and ensure steady workflow. In essence, WIP represents the active effort and work-in-process items at any given time, serving as a key indicator of operational activity and productivity.