The term work-in-progress (WIP) is a production and supply-chain management term describing partially finished goods awaiting completion. WIP refers to the raw materials, labor, and overhead costs incurred for products that are at various stages of the production process.

Is it work in process or progress?

Work in progress describes the costs of unfinished goods that remain in the manufacturing process, while work in process refers to materials that are turned into goods within a short period.

Is still work in progress meaning?

: a project that is not yet finished The painting is a work in progress.