Underestimate (Noun)
Meaning
An estimation that is too low; an estimate that is less than the true or actual value.
Classification
Nouns denoting cognitive processes and contents.
Examples
- The committee made an underestimate of the project's cost, and they ended up needing an extra 20% to complete it.
- Her underestimate of the time it would take to finish the assignment led to a frantic all-nighter to get it done on time.
- The company's underestimate of the demand for their new product led to widespread shortages and lost sales.
- The hikers made a serious underestimate of the difficulty of the climb and had to be rescued halfway up the mountain.
- The government's underestimate of the severity of the storm led to inadequate preparations and more damage than expected.