IPA: /ˌoʊvərˌɛstəˈmeɪʃən/
KK: /oʊvərˌɛstəˈmeɪʃən/
A judgment or calculation that is higher than the actual value or reality.
The overestimation of the project's costs led to budget issues.
Overestimation → It is formed from "over-" (meaning excessively) and "estimate" (from Latin "estimare", meaning to value or assess) and the suffix "-tion" (meaning the action or process of). The word refers to the action of assessing something to a greater degree than is accurate or reasonable.
Think of 'over' meaning excessively and 'estimate' meaning to value — this helps you remember that overestimation means valuing something too highly.