cost overrun


cost overrun
cost in excess of that originally estimated or budgeted, esp. in a government contract: Additional funds had to be allocated to cover the cost overrun on the new fighter plane.

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Universalium. 2010.

Look at other dictionaries:

  • cost overrun — ➔ overrun1 * * * cost overrun UK US noun [C or U] ► the fact of spending more money on a project than was planned in the budget, or the actual extra amount that is spent: »The projected cost overrun on the new system is expected to be in the… …   Financial and business terms

  • Cost overrun — A cost overrun, also known as a cost increase or budget overrun, is an unexpected cost incurred in excess of a budgeted amount due to an under estimation of the actual cost during budgeting. Cost overrun should be distinguished from cost… …   Wikipedia

  • cost overrun — noun excess of cost over budget the cost overrun necessitated an additional allocation of funds in the budget • Hypernyms: ↑cost * * * cost in excess of that originally estimated or budgeted, esp. in a government contract: Additional funds had to …   Useful english dictionary

  • cost overrun — noun An excess of actual cost over budget …   Wiktionary

  • Cost underestimation — is defined as the act of assessing the cost of a future venture lower than what actual cost turned out to be once the venture was implemented. Cost underestimation causes cost overrun. The main causes of cost underestimation are optimism bias and …   Wikipedia

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  • Cost-benefit analysis — is a term that refers both to:* a formal discipline used to help appraise, or assess, the case for a project or proposal, which itself is a process known as project appraisal; and * an informal approach to making decisions of any kind. Under both …   Wikipedia

  • Cost-effectiveness analysis — (CEA) is a form of economic analysis that compares the relative costs and outcomes (effects) of two or more courses of action. Cost effectiveness analysis is distinct from cost benefit analysis, which assigns a monetary value to the measure of… …   Wikipedia

  • Cost engineering — is an area of engineering practice concerned with the application of scientific principles and techniques to problems of cost estimating, cost control, business planning and management science, profitability analysis, project management, and… …   Wikipedia

  • Cost management — is the process whereby companies use cost accounting to report or control the various costs of doing business.The term cost management is widely used in business today. Unfortunately cost management has no uniform definition. Cost management… …   Wikipedia


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