The work-in-process (WIP) schedule is one of the most underutilized and underappreciated management reports in construction. Many construction companies use the WIP simply to calculate percentage of completion for revenue recognition purposes, but don’t take it much further than that. The WIP can be a powerful tool to help management make strategic business decisions and get ahead of project issues.
Garbage in, garbage out
The first two steps of getting the most out of your WIP schedule are proper…
Source: Boston Biz