Overestimate

To assess or judge something as being greater than it actually is; to make an inflated assessment of importance, size, value, or impact. Overestimating can lead to unrealistic expectations, misallocation of resources, and potential disappointment or financial loss when the actual outcome is less favorable than anticipated.

Overestimate meaning with examples

• In predicting the success of the new product, the marketing team seemed to overestimate consumer interest, which resulted in unsold inventory and a surprise loss in the first quarter sales. It highlighted the need for more thorough market research before launching future products.
• During the negotiations, the contractor appeared to overestimate the time needed to complete the renovations, which caused the homeowners to worry and look for alternatives. They ultimately sought a second opinion to ensure they weren’t being taken advantage of during the process.
• When the team members were asked to evaluate their chances of winning the championship, they tended to overestimate their skills, leading to excessive confidence. This attitude affected their training regimen and resulted in a lack of preparation for their tougher opponents.
• In assessing the environmental impact of the project, the committee chose to overestimate the negative effects initially. However, their reassessment later allowed them to present a more balanced view that helped secure community support for the endeavor.