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What is a Management Dashboard?
The term Management Dashboard defines a wide range of data reporting and visualization tools or dashboards that allow using various performance & efficiency measures to report on an enterprise’s ability to organize and coordinate its activities in accordance with certain policies and in achievement of pre-determined objectives. What is a Management Dashboard?
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Money Management Action Plan

In this Money Management Action Plan you can read a range of tips and suggestions that will help you manage your money in an effective manner.

Money Management Action Plan
Home » Glossary » What is Project Underrun
What is Project Underrun  

What is Project Underrun


Project Underrun is a situation in which the actual costs of a project (or its particular item, task or phase) appear below the projected costs. In other words a project appears performed at lower costs, so the surplus funds are put in stock – this can be a result of saving options implemented, including new technologies and project cost optimization. The surplus finances can be reallocated by project stakeholders for different purposes, such as increasing quality of certain project outcomes, acquiring project’s “extra mile” options to increase the customer satisfaction level, paying bonuses to project performers, or just for increasing project profitability. Project underrun means not only a situation when a project is done at literally cheaper costs, but also when it is done faster than it was originally planned. Project underrun can occur as a result of the following causes: 

  • Scope change (reduce) or quality level reduce;
  • Optimization of business processes to reduce their costs;
  • Outsourcing of project functions to be performed at lower costs;
  • Implementation of more economical technologies;
  • Financial optimization, such as tax optimization;
  • Overestimation on project planning stage; 

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