A murder is the unlawful killing of another human without justification or valid excuse, especially the unlawful killing of another human being with malice aforethought. This state of mind may, depending upon the jurisdiction, distinguish murder from other forms of unlawful homicide, such as manslaughter.
What Is Cost Overrun? â Cost Overrun is the amount by which a contractor exceeds or expects to exceed the estimated costs, and/or the final limitations (the ceiling) of a contract.
Cost Variance. A cost variance is the difference between the actual expenses incurred and the standard expenses estimated at the beginning of a period. Management uses these variances are used to analyze and track the progress of production processes, budgets, and other operations.