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Dictionary Meaning and Definition on 'Underrated'

Wikipedia Meaning and Definition on 'Underrated'

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 escalation, which is used to express an anticipated growth in a budgeted cost due to factors such as inflation.

Cost overrun is common in infrastructure, building, and technology projects. A comprehensive study of cost overrun published in the Journal of the American Planning Association in 2002 found that 9 out of ten construction projects had underestimated costs. Overruns of 50 to one hundred percent were common.

Many major construction projects have incurred cost overruns. The Suez Canal cost 20 times as much as the earliest estimates; even the cost estimate produced the year before construction began underestimated the project's actual costs by a factor of three.

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Words and phrases related to 'Underrated'

Underrated Sample Sentences in News

  • Silverman: 2 Jets Among The Most Underrated Players In The NFL
    If last week’s declaration that David Harris is the most underrated player in the NFL is any indication, Rex Ryan will be as bombastic as ever this season -- mostly because he's right. Read more on this news related to 'Underrated'
  • Saints' Hicks, Galette on being 'underrated'
    WHITE SULPHUR SPRINGS, W.Va. -- Outside linebacker Junior Galette and defensive end Akiem Hicks were two of the most underrated driving forces behind the New Orleans Saints' breakout defense last year. But neither one of them is complaining about flying under the radar -- for different reasons. The exuberant Galette has never made any secret about his desire t Read more on this news related to 'Underrated'
  • Detroit Lions' overrated, underrated player is ...
    Every summer, CBSSports.com's Pete Prisco names his most overrated and underrated player for each NFL team. This year is no different as he lauded and lampooned 32 in each category. Read more on this news related to 'Underrated'

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