Finance & Businessfreq · 1via Dusty Flow

Cost Overrun

/ˈkɒst ˌəʊvəˈrʌn/noun
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A cost overrun happens when the actual expenses of a project surpass the originally allocated budget, often stemming from unexpected challenges like inflation or scope changes. This term highlights the gap between planning and reality in resource management, making it a critical concern in industries like construction and tech to avoid fiscal pitfalls. In today's fast-paced projects, it's not just a financial issue but a signal for better forecasting and risk assessment.

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