underestimate$86904$ - traduction vers grec
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underestimate$86904$ - traduction vers grec

UNEXPECTED INCURRED COSTS IN EXCESS OF BUDGETED AMOUNTS
Underestimate; Cost Overrun; Cost overun; Cost increase; Budget increase; Budget escalation; Cost overruns; Budget overrun; Over budget; Escalating costs; Escalating cost; Cost risk; Cost underestimation; Low balling; Cost increases; Underestimated; Cost under-estimation; Cost underestimations; Cost under-estimations

underestimate      
v. υποτιμώ, αποδίδω μικρότερη αξία

Définition

underestimate
v. a.
Undervalue, underrate, misprize, rate below the true value, rate too low.

Wikipédia

Cost overrun

A cost overrun, also known as a cost increase or budget overrun, involves unexpected incurred costs. When these costs are in excess of budgeted amounts due to a value engineering underestimation of the actual cost during budgeting, they are known by these terms.

Cost overruns are common in infrastructure, building, and technology projects. For IT projects, a 2004 industry study by the Standish Group found an average cost overrun of 43 percent; 71 percent of projects came in over budget, exceeded time estimates, and had estimated too narrow a scope; and total waste was estimated at $55 billion per year in the US alone.

Many major construction projects have incurred cost overruns; cost estimates used to decide whether important transportation infrastructure should be built can mislead grossly and systematically.

Cost overrun is distinguished from cost escalation, which is an anticipated growth in a budgeted cost due to factors such as inflation.