A Comprehensive Glossary of Project Management Terms

Everything you need to know about project management in one list
Yy
Zz
Aa
Bb
Cc
Dd
Ee
Ff
Gg
Hh
Ii
Jj
Kk
Ll
Mm
Nn
Oo
Pp
Qq
Rr
Ss
Tt
Uu
Vv
Ww
Xx
Yy
Zz

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