What does work in progress mean? From accounting concept to strategic tool
Within many project-driven organisations, there is one concept that regularly appears in reports, yet is rarely truly used in day-to-day management: work in progress.
It is often seen as something for the finance department. Something required for the balance sheet or annual accounts, but with little impact on operations. In practice, however, this is not the case.
Having a clear view of ongoing work gives you direct control over:
✅ project progress
✅ capacity utilisation
✅ and future deployment
In this article, we explain what it means, how to calculate it, and, most importantly, how to use it practically within project management and planning.
Thijs - 14 april 2026 - 7 min


