project management glossary

overhead

 Costs incurred in the operation of a business which cannot be directly related to the individual products or services being produced. See also Indirect Cost.

 Costs arising from management and supervision, office expenses, interest- during-construction, and any other general costs associated with the project not directly attributable to design or construction.

 A general term often used to identify any indirect cost.

overload

 The amount by which the resource required exceeds the resource limit.

 The amount of required resources which exceeds the resource limit.

overrun

 An increase in the time or cost compared to the plan. A reduced scope without a corresponding reduction in the time or cost would be considered an overrun.

 Costs incurred in excess of the contract target costs on an incentive type contract or the estimated costs on a fixed fee contract. An overrun is that value of costs which are needed to complete a project, over that value originally authorized by management.