Work in Progress WIP Calculator
Calculate work in progress (WIP) value using the percentage-of-completion method for a project.
Compare Your Options And Get Clear Answers
Calculate work in progress (WIP) value using the percentage-of-completion method for a project.
Work in Progress WIP Estimator
Enter your numbers below for an instant estimate.
How It Works
Key concepts behind this calculator
Enter Values
Fill in each field with your own numbers.
Calculate
Results update as you change the inputs.
Review
Read the breakdown and the explanation.
Adjust
Change values to compare scenarios.
Work Quick Guide
Typical values for reference.
| Contract $ | Est. cost $ | Incurred $ | % complete |
|---|---|---|---|
| 500000 | 400000 | 50000 | 12.5% |
| 500000 | 400000 | 220000 | 55.0% |
| 500000 | 400000 | 300000 | 75.0% |
| 500000 | 400000 | 400000 | 100.0% |
| Rule of Thumb | Check inputs | Use as a guide | Round sensibly |
Work in Progress Calculator FAQ
Answers to common questions about this calculator.
The value of unfinished work on contracts, comparing earned revenue with billing.
Billing more than the work completed so far.
% complete = costs incurred / total estimated cost; earned revenue = contract value x % complete.
It is an estimate based on the inputs you enter. Check real quotes, labels or official guidance for important decisions.