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overestimate
This term describes a cognitive or mathematical error where the perceived value exceeds the actual reality. When applied to people, it often carries a connotation of misplaced confidence or a strategic blunder, suggesting that the subject has been granted more credit or power than they deserve.
In technical or financial contexts, the word shifts toward a calculation error. It is frequently used in project management and budgeting to describe a conservative approach to risk, where costs are intentionally inflated to provide a safety margin.
Meanings
To believe that something or someone is better, more powerful, or more valuable than they actually are.
To calculate a quantity, cost, or value to be higher than the actual amount.
An estimate that is too high or an exaggerated assessment of a person or thing.
The initial projection was a significant overestimate of the total population growth.
Examples
I think we overestimated the cost of the renovation.
It is easy to overestimate how much you can get done in a day.
I completely overestimated his ability to lead the team.
Maybe I overestimated the time it would take to drive there.
He tends to overestimate his own importance in the company.
The project failed because they overestimated the market demand.