cost overruns
Exceeded spending limits
Cost overruns are expenses that exceed the original budget or estimate.
The term appears most often in construction, government contracts, and large-scale projects: The highway project suffered massive cost overruns.
Cost overruns may result from poor planning, unexpected complications, or scope creep—the gradual expansion of a project beyond its original boundaries.
- expensesMoney spent on things
- overagesQuantities beyond allocated limits
- miscalculationError in estimation
- overbudgetExceeding allocated funds
- estimatesRough calculations of value
budget blowout · projects · hemorrhaging · red ink · overheads · budget shortfall · contingency planning · construction projects · contract disputes · sunk costs · overexpenditures · risk assessment · scope creep · moving the goalposts · legal disputes · project management · billions · procurement
- construction accountingchange orders, percent complete, work in progress, project budgets, prevailing wage
- defense procurementdefense contracts, military procurement, military contracts, defense contracting, government contracts
- pricingpricing, discount price, overpricing, discounts, overcharge
- contractsbinding contracts, contract length, lease, clause, contract terms
- defense spendingdefense budget, defense spending, military spending, army budget, defense contracts
- financial fraudsecurities fraud, bank fraud, accounting fraud, defalcation, embezzler
cost overrunscost control
Managing expenses systematically
cost efficiency · fiscal restraint · financial prudence · value engineering · lean operations
cost, costly, overrun, accost, costing, overrunning, overruns, costed