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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

  • 2014 NHL playoffs most underrated players, more hockey news links
    • Forget the complaints about Rob Scuderi and Kris Letang and Dan Bylsma. The Penguins can live with their occasional brain cramps. What they can’t survive without are premium efforts from Sidney Crosby and Evgeni Malkin. Read more on this news related to 'Underrated'
  • NHL's most underrated playoff players, more must-read stories
    In today's must-read stories: What the Penguins need most to survive; the Blues' big question; more. Read more on this news related to 'Underrated'
  • The five most underrated players in the NHL playoffs
    The league likes to shine the spotlight on its stars, but these five are among those who bring added value to their teams Read more on this news related to 'Underrated'

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