Underreckoning (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 budget was based on an underreckoning of construction costs, which ultimately led to a massive financial shortfall.
- The underreckoning of the project timeline resulted in delays and missed deadlines, which damaged the company's reputation.
- Their underreckoning of inflation led to a purchasing power lower than initially anticipated.
- The firm's underreckoning of repair costs nearly put it out of business after a major equipment failure.
- The population projection that underreckoned population growth caused issues for the urban planners when the actual number far exceeded estimates.