Overrun

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Overrun

In the context of project financing, the amount of capital expenditures or funding above the original estimate to complete the project.

Overrun

The amount by which the actual cost of a project exceeds its budget. While this does not necessarily guarantee that the project will fail, it does make it more difficult to succeed. This is also called cost overrun or budget overrun.
References in periodicals archive ?
The incumbent utility in Finland TVO had contracted Areva as a turn key supplier, and is now in discussions with Areva of how to share budget overruns.
Much of the money raised during the year prior to my tenure was used to offset budget overruns on several previous projects.
There have been no budget overruns and the council is confident that this will remain the case.
The district's construction budget overruns and delays have also required extensive board discussion.
SOLUTIONS: Luckily, NIH developed a supplemental funding program for grant recipients to help with the budget overruns.
And 17 states have avoided budget overruns so far in FY 2007.
Thaksin's government vowed to complete it in 2005 but the opening was delayed after the airport was plagued by problems, which also included corruption cases and budget overruns.
If your municipality has experienced budget overruns, you are not alone: In the Government Insights survey, 69 percent of municipalities reported spending over budget at least once in the last five years--in spite of legal mandates that prohibited some of them from doing so.
The most common causes of time and budget overruns were: design requirement changes (59%); circuit design (39%); thermal problems (34%); EMC problems (32%); signal integrity problems (30%); physical layout problems (22%); and routing problems (19%), Flomerics reported (respondents were allowed to specify more than one cause).
The Scots completed the week with budget overruns of up to 388 per cent.
The growing costs of operating programs like Medicaid, corrections, and K-12 education are causing budget overruns in some states.
The IOC is concerned that Beijing is building sports venues too quickly, which could cause budget overruns and quality problems.

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