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Definitions from WordNet | ||||
Definitions from the WebCost OverrunDescription:A cost overrun refers to a situation where the actual cost of a project exceeds the initially estimated or budgeted amount. It commonly occurs due to unexpected expenses, changes in project scope, or poor cost management. Senses and Usages:Sense 1:Noun: When cost overrun is used as a noun, it refers to the amount by which the actual cost exceeds the projected cost. It is a common concern in construction projects, government initiatives, and various organizational endeavors. Example sentence: The construction of the new stadium experienced a significant cost overrun, resulting in the need for additional funding. Sense 2:Verb: When cost overrun is used as a verb, it describes the action of exceeding the projected cost in a project or endeavor. It indicates a situation where the expenses surpass the estimated budget. Example sentence: The housing developers were unable to control their expenses, causing the project to cost overrun by nearly 30%. Possible Related Products:Find books, magazines, and other resources related to managing project costs on Amazon: Search on Amazon | ||||
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