- published: 25 May 2016
- views: 24
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 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. A comprehensive study of cost overrun published in the Journal of the American Planning Association in 2002 found that 9 out of ten construction projects had underestimated costs. Overruns of 50 to one hundred percent were common.[improper synthesis?] Cost underestimation was found in each of 20 nations and five continents covered by the study, and cost underestimation had not decreased in the 70 years for which data were available. For IT projects, an industry study by the Standish Group found that the average cost overrun was 43 percent; 71 percent of projects were 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.
I've been working in the city, I've been working at night
I've been working in the city, so dark, no light
And I know, I know everything will be alright
But I, I'm a little bit crazy right now
And I feel so underrated
Have you ever felt this underrated?
And I'm just sick of all things underrated
All I want, all I need is a chance
Underrated, I don't want to be more than me
I'm just sick of things underrated, we'd appreciate it
I'm a little in motion, I'm a little out of line
My ear's on the phone with Jesus
And my eyes are angry and blinded
And I know, I know the last will be first in that line
But I, I'm a little bit crazy right now
And I feel so underrated
Have you ever felt this underrated
And are you sick of it?
Underrated, all I want, all I need is a chance
Underrated, I don't want to be more than me
I'm just sick of things
See the cuts on my hands?
They hurt from working, will I ever be deserving?
Oh, help my eyes to see and not feel so underrated
I don't want to be one of those that stares
At all the questions while the open doors they close
I just want to get out there
So with a humble heart, teach me some lessons
Show me to do my part in the place you have me standing
As I meet with humility
Is it the injustices or pride that's killing me?
I've been here all day and just one denarius
If I must boast, let it be that of my weaknesses
Humility, you have my attention
You know you're better off to be underrated
All I want, all I need is a chance
Underrated, I don't want to be more than me
I'm just sick of things underrated