A Comprehensive Glossary of
Project Management Terms

Everything you need to know about project management in one list

What is a Cost Overrun (Budget overrun)?

A cost overrun refers to a situation in which the expenditure of funds exceeds the estimated budget and necessitates finding new resources to cover additional money spendings. Cost overruns most commonly occur as a result of of underestimating the overall budget required for a project. Cost overruns are most common in technology, building, and infrastructure projects.

Further Reading:

5 Project Management Life Cycle Steps Explained
10 Best Free Project Management Tools – Features Comparison
7 Strategies to Manage and Track Multiple Projects at Once
11 Project Management Best Practices You Need to Follow Right Now

What is a Cost Overrun (Budget overrun)?

A cost overrun refers to a situation in which the expenditure of funds exceeds the estimated budget and necessitates finding new resources to cover additional money spendings. Cost overruns most commonly occur as a result of of underestimating the overall budget required for a project. Cost overruns are most common in technology, building, and infrastructure projects.

Further Reading:

5 Project Management Life Cycle Steps Explained
10 Best Free Project Management Tools – Features Comparison
7 Strategies to Manage and Track Multiple Projects at Once
11 Project Management Best Practices You Need to Follow Right Now