Cost Bombs are ubiquitous in the business world – and yet, so often overlooked. Put simply, a Cost Bomb is any cost that has been underestimated or unexplored when budgeting for a project. It can come from unexpected issues with suppliers or technical glitches that require additional time to resolve. Over time, these small issues can add up to huge problems, making projects more expensive than originally anticipated. To avoid being hit with a Cost Bomb, it’s essential that businesses plan out as many details as they can beforehand. Taking the time to understand all potential costs allows you to better prepare for the future.