Backlog Meaning. Funded backlog ie cases in which the government client has issued a funding document that says you are guaranteed to be paid X amount for work performed under the contract. A backlog is a buildup of work that needs to be completed.
A backlog is a list of tasks required to support a larger strategic plan. Backlogging is one means by which a firm can even out demand in relation to its production capacity allowing delivery lead times to increase during peaks. See back adj log n1.
For government contractors a backlog consists of two components.
A large number of things that you should have done before and must do now. Backlog may refer to. Ideally this is a large number because you have many customers who have given you orders they want shipped. Your companys backlog is the total number of the orders your customers have sent that have not yet been shipped out.
