Answer:
Cost overruns
Step-by-step explanation:
Conceptual development is defined as the process of reducing a project's overall complexity to a basic level. It is used to prioritise operational needs and challenges, come up with alternative concepts, and select the best option to help meet organisational goals.
When a problem is poorly understood during conceptual development it results in cost overruns.
Cost overrun is also known as budget overrun or cost increase. It is an unplanned increase in cost of executing a project.
Cost overrun is as a result of poor planning leading to inefficient process and added cost