budgeted cost

USAGE SUMMARY

"budgeted cost" is a correct and commonly used phrase in written English.
It refers to the estimated or planned cost of a project, activity, or item. Example: The company's budgeted cost for the new product launch was $500,000.

✓ Grammatically correct

News & Media

Science

Wiki

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

24 human-written examples

We are close to resolving the issue and it will not delay occupation nor inflate budgeted cost," he said.

The Guardian - Business

The Senate and House budget resolutions were silent on the administration's request for $750 billion in extra funds (with a budgeted cost of $250 billion).

The Economist

Taiwan is to build a submarine pipeline 17km long from Fujian's coast to Kinmen at a budgeted cost of 1.35 billion Taiwanese dollars ($44m).

The Economist

Where the budgeted cost of spending programs made headlines every year, Professor Slemrod said, few people stopped to sum up the cost of tax credits and the like.

The New York Times

More impressive is his vow this week that any final bill must include provisions for mandatory spending cuts that would kick in if budgeted cost savings do not materialise.Will this speech be enough to get the president's reform agenda back on track?

The Economist

Practitioners may use this methodology to reduce cycle time and time loss by tradeoff between budgeted cost and ROI, to optimize the performance of assembly line using simulation approach.

Journal of Industrial Engineering International

Human-verified similar examples from authoritative sources

Similar Expressions

33 human-written examples

Here is a breakdown of the budgeted costs, with pre-tax prices rounded off.

The New York Times

The actual cost of construction can vary from the budgeted costs that affect category funds available going forward.

Visualization in Engineering

Add the computed totals for the partially completed tasks to the budgeted costs of the completed tasks.

WikiHow

Further, the 2004 Olympic games in Athens, initially budgeted to cost $2.4 billion, in fact cost $9 billion.

Wikipedia

The tunnel was budgeted to cost NOK 496 million, but ended up costing NOK 487 million.

Wikipedia

Expert writing Tips

Best practice

When discussing project management, clearly state the "budgeted cost" alongside the actual cost to highlight any variances.

Common error

Avoid using "budgeted cost" interchangeably with actual cost. "Budgeted cost" represents the planned expense, while the actual cost is the amount ultimately spent. Always clarify which one you are referring to.

Linguistic Context

The phrase "budgeted cost" functions as a noun phrase, where "budgeted" acts as an adjective modifying the noun "cost". It identifies a pre-determined or allocated amount for expenses. As confirmed by Ludwig AI, this phrase is grammatically correct and commonly used.

Expression frequency: Common

Frequent in

News & Media

32%

Science

32%

Wiki

18%

Less common in

Formal & Business

18%

Academia

0%

Reference

0%

Ludwig's WRAP-UP

The phrase "budgeted cost" is a grammatically sound and commonly used term that refers to the planned or estimated expense for a specific activity or project. Ludwig AI confirms its validity. As demonstrated by the examples, it finds frequent use in News & Media and Science, and Wiki domains. It serves to specify and control financial planning, as it is a noun phrase. Remember to differentiate it from actual cost to avoid confusion. Alternatives include "estimated cost" and "projected expense". Always ensure clarity when discussing financial matters by accurately using the term "budgeted cost" in project management, financial reports, and business communications.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

budgeted expenses

This alternative focuses on plural expenses, rather than the singular "cost".

estimated cost

Using "estimated" instead of "budgeted" emphasizes the approximation aspect of the cost.

estimated expenditure

This phrase focuses on the amount expected to be spent, rather than specifically relating to a budget.

projected expense

This alternative emphasizes the forecasting aspect of the cost, suitable when discussing future financial planning.

planned outlay

This term refers to the anticipated financial investment or disbursement.

forecasted spending

This alternative highlights the predicted nature of the spending, often used in financial reports.

anticipated expenditure

The phrase underscores the expected or predicted nature of expenses.

estimated price

This refers to the approximate price that is expected to be paid.

projected price

This phrase centers on the predicted price, rather than the broader concept of cost.

anticipated price

This alternative emphasizes the expectation of a certain price level.

FAQs

What does "budgeted cost" mean?

The "budgeted cost" refers to the estimated or planned expense for a project, activity, or item. It's the amount allocated in the budget for a specific purpose.

How is "budgeted cost" different from actual cost?

The "budgeted cost" is the planned expense, while the actual cost is the real amount spent. Often, project managers compare both metrics to see if there is an overspending or underspending.

What are some alternatives to "budgeted cost"?

You can use alternatives like "estimated cost", "projected expense", or "planned outlay" depending on the context.

How do I use "budgeted cost" in a sentence?

You might say, "The project's budgeted cost was $1 million, but the actual cost exceeded that amount." or "We need to stay within the budgeted cost to ensure profitability."