Word: overheading
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Coming along with KSG’s faculty growth were expensive overhead costs for administrative staff and physical space...
While outside donations fund new centers and research within KSG, they rarely fully cover the overhead costs associated with such projects—which can include everything from equipment to electric bills...
Hogan says that underestimating overhead costs is a problem that is “built into the culture?...
...People in this institution constantly underestimate what the real overhead costs are, because there are all kinds of incentives to underestimate,” Hogan says...
When the school was small, he says, its dean could raise money to offset unanticipated overhead costs, a solution that has become infeasible...