underestimateˌʌn dərˈɛs təˌmeɪt; -mɪt, -ˌmeɪt
underestimate (v)
- present
- underestimates
- past
- underestimated
- past participle
- underestimated
- present participle
- underestimating
underestimate (n)
- plural
- underestimates
underestimate
English Definitions:
underestimate, underestimation, underrating, underreckoning (verb)
an estimation that is too low; an estimate that is less than the true or actual value
undervalue, underestimate (verb)
assign too low a value to
"Don't underestimate the value of this heirloom-you may sell it at a good price"
lowball, underestimate (verb)
make a deliberately low estimate
"The construction company wanted the contract badly and lowballed"
underestimate, underrate (verb)
make too low an estimate of
"he underestimated the work that went into the renovation"; "Don't underestimate the danger of such a raft trip on this river"
underestimate (Noun)
An estimate or perception that is too low.
underestimate (Verb)
To perceive (someone or something) as having a lower value, quantity, worth etc. than what it actually has.
underestimate
A cost overrun, also known as a cost increase or budget overrun, involves unexpected incurred costs. When these costs are in excess of budgeted amounts due to a value engineering underestimation of the actual cost during budgeting, they are known by these terms. Cost overruns are common in infrastructure, building, and technology projects. For IT projects, a 2004 industry study by the Standish Group found an average cost overrun of 43 percent; 71 percent of projects came in 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.Many major construction projects have incurred cost overruns; cost estimates used to decide whether important transportation infrastructure should be built can mislead grossly and systematically.Cost overrun is distinguished from cost escalation, which is an anticipated growth in a budgeted cost due to factors such as inflation.
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"underestimate." Kamus.net. STANDS4 LLC, 2024. Web. 20 Apr. 2024. <https://www.kamus.net/english/underestimate>.
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