Overruns refer to the excess or surplus that exceeds a predetermined limit, often used in contexts such as project management, budgetary constraints, or production timelines. They can indicate inefficiencies or additional requirements that arise during the course of an operation, leading to increased costs, time delays, or resource allocations. In a broader sense, overruns can also apply to quantities that exceed expected levels or bounds.
Overruns meaning with examples
- During the project's planning phase, the team underestimated the resources required, resulting in significant overruns in both budget and time. The lessons learned from this experience highlighted the importance of thorough initial assessments to avoid similar pitfalls in future projects. Ensuring all stakeholders were on the same page about expectations proved crucial to establish a more realistic project timeline and budget.
- The aircraft manufacturer faced severe overruns when unforeseen technical challenges arose during production. These overruns not only compromised delivery schedules but also strained relations with clients expecting timely aircraft. To combat this issue, the company reevaluated its processes and implemented more stringent quality control measures to mitigate risks and prevent future overruns from occurring in similar projects.
- In the nonprofit sector, project overruns can hinder the ability to deliver essential services. A community program allocated funds for a new initiative but faced overruns when unexpected costs emerged for regulatory compliance. These overruns prompted the organization to rethink its budget management practices and prioritize transparency regarding financial planning to accommodate future needs more effectively.
- Catering services often experience food overruns when estimations for guest attendance are inaccurate. One wedding caterer prepared meals for an estimated 150 guests, but when attendance soared to 220, they were left scrambling to accommodate the extra demand while minimizing waste. This situation emphasized the necessity for accurate data collection and guest RSVP management to prevent future catering overruns.
Overruns Synonyms
amplification augmentation deficiency exceedance excess increase inflation outgrowth outlay overage overboard overbudget overcommitment overexpenditure overextension overflow overspend proliferation shadow surplusOverruns Antonyms
austerity constraint contraction curtailment cut cutback decrease deficit downsize economy frugality lessening limitation minimalism reduction restraint saving shortfall thrift underrunOverruns Crossword Answers
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