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- Cost_overrun abstract "A cost overrun, also known as a cost increase or budget overrun, involves unexpected costs incurred in excess of budgeted amounts due to an underestimation 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. For IT projects, a 2004 industry study by the Standish Group found an average cost overrun of 43 percent; 71 percent of projects came in over budget, exceeded time estimates, and had estimated too narrow a scope; and total waste was estimated at $55 billion per year in the US alone.Many major construction projects have incurred cost overruns; cost estimates used to decide whether important transportation infrastructure should be built can mislead grossly and systematically. 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. The Sydney Opera House cost 15 times more than originally projected, and the Concorde supersonic aeroplane cost 12 times more than predicted.The Channel Tunnel between the UK and France had a construction-cost overrun of 80 percent, and a 140-percent financing cost overrun.".
- Cost_overrun wikiPageExternalLink risks.
- Cost_overrun wikiPageID "6832338".
- Cost_overrun wikiPageRevisionID "603925286".
- Cost_overrun hasPhotoCollection Cost_overrun.
- Cost_overrun subject Category:Costs.
- Cost_overrun comment "A cost overrun, also known as a cost increase or budget overrun, involves unexpected costs incurred in excess of budgeted amounts due to an underestimation 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.".
- Cost_overrun label "Cost overrun".
- Cost_overrun label "Sobrecosto".
- Cost_overrun label "تجاوز التكاليف".
- Cost_overrun sameAs Sobrecosto.
- Cost_overrun sameAs m.0grl35.
- Cost_overrun sameAs Q2682100.
- Cost_overrun sameAs Q2682100.
- Cost_overrun wasDerivedFrom Cost_overrun?oldid=603925286.
- Cost_overrun isPrimaryTopicOf Cost_overrun.