In short, this is a whole new costing area that would need to be undertaken.
( ( In short ) ( , ( this ( ( is ( ( a ( whole ( new ( costing area ) ) ) ) ( that ( would ( need ( to ( be undertaken ) ) ) ) ) ) ) . ) ) ) )
(ROOT (S (PP (IN In) (ADJP (JJ short))) (, ,) (NP (DT this)) (VP (VBZ is) (NP (NP (DT a) (JJ whole) (JJ new) (NN costing) (NN area)) (SBAR (WHNP (WDT that)) (S (VP (MD would) (VP (VB need) (S (VP (TO to) (VP (VB be) (VP (VBN undertaken))))))))))) (. .)))
In a nutshell, this new costing area would not need to be undertaken.
( ( In ( a nutshell ) ) ( , ( ( this ( new ( costing area ) ) ) ( ( ( would not ) ( need ( to ( be undertaken ) ) ) ) . ) ) ) )
(ROOT (S (PP (IN In) (NP (DT a) (NN nutshell))) (, ,) (NP (DT this) (JJ new) (NN costing) (NN area)) (VP (MD would) (RB not) (VP (VB need) (S (VP (TO to) (VP (VB be) (VP (VBN undertaken))))))) (. .)))