COSTOVERRUN

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 underestimation of the actual cost during budgeting. Cost overrun should be distinguished from cost escalation, which is used to express an anticipated growth in a budgeted cost due to factors such as inflation.

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cost overrun

Noun

  1. An excess of actual cost over budget.


The above text is a snippet from Wiktionary: cost overrun
and as such is available under the Creative Commons Attribution/Share-Alike License.

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