What does WIP stand for in Agile project management?

In Agile project management, WIP stands for "Work in Progress." This term refers to any tasks or items that have been started but are not yet completed. Understanding WIP is essential for managing the flow of work through a process and ensuring that teams remain productive. By tracking WIP, teams can identify bottlenecks in their workflow, optimize their processes, and enhance efficiency.

Limiting WIP is also a key principle in methodologies like Kanban, where managing the amount of work that is in progress helps maintain focus and ensures that the team is not overwhelmed by too many tasks at once. Thus, the concept of WIP is integral to maintaining a balanced and efficient approach to project management. The other options do not align with the standard terminology used within Agile practices, making Work in Progress the correct choice.