Cost overrun — 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… … Wikipedia
Cost — This article is about the economic concept. For the scientific organization, see COST. For uses of The Cost , see The Cost (disambiguation). Expenditure redirects here. For personal consumption expenditure, see Consumption (economics). In… … Wikipedia
Cost–benefit analysis — (CBA), sometimes called benefit–cost analysis (BCA), is a systematic process for calculating and comparing benefits and costs of a project for two purposes: (1) to determine if it is a sound investment (justification/feasibility), (2) to see how… … Wikipedia
Cost-benefit analysis — is a term that refers both to:* a formal discipline used to help appraise, or assess, the case for a project or proposal, which itself is a process known as project appraisal; and * an informal approach to making decisions of any kind. Under both … Wikipedia
underestimation — Ⅰ. underestimate UK US /ˌʌndəˈrestɪmeɪt/ verb [T] ► to think that something is or will be smaller, easier, less extreme, or less important than it really is: »The company sorely underestimated demand and is struggling to expand output. »Court… … Financial and business terms
List of economics topics — This aims to be a complete list of the articles on economics. It does not include articles about economists, who are listed in the list of economists. NOTOC A * Accounting Accounting reform Actuary Adaptive expectations Adverse selection Agent… … Wikipedia
Strategic management — is a field that deals with the major intended and emergent initiatives taken by general managers on behalf of owners, involving utilization of resources, to enhance the performance of firms in their external environments.[1] It entails specifying… … Wikipedia
Benefit shortfall — A benefit shortfall results from the actual benefits of a venture being lower than the projected, or estimated, benefits of that venture.[1] If, for instance, a company is launching a new product or service and projected sales are 40 million… … Wikipedia
Optimism bias — is the demonstrated systematic tendency for people to be overly optimistic about the outcome of planned actions. This includes over estimating the likelihood of positive events and under estimating the likelihood of negative events. Along with… … Wikipedia
Strategic misrepresentation — is the planned, systematic distortion or misstatement of fact lying in response to incentives in the budget process. Examples of strategic misrepresentation in budgeting illustrate that it is a contingent strategy responsive to a system of… … Wikipedia
