work in progress Meaning in Cambridge Business English Dictionary
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Meaning of "work in progress" - Business English Dictionary

work in progress

noun
 
 
( US also work in process)
[C or U] something that is being developed or suggested but that is not yet complete: The Senate Minority Leader described the team reorganization as "a work in progress". be (still)/remain a work in progress Tougher regulations remain a work in progress and should be ready for consideration by the council in about two months. The expansion and definition of a brand is always, to a certain extent, work in progress.
[U] ACCOUNTING the value of products that are only partly completed, or the value of these as shown in a company's accounts: Errors in the trading statement related to an overvaluation of work in progress.
(Definition of work in progress from the Cambridge Business English Dictionary © Cambridge University Press)
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