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 ?
aFiscal rules can help ensurea budget overruns are anot repeated in future upswings,a it wrote.
Already the preparations have exhibited the worst symptoms of major British projects, including massive budget overruns for self-delusionary infrastructure based on airyfairy predictions of residuary benefits for whatever residents are left in this part of London.
Players will deal with problems that crop up in the production of the film - tension on the set, budget overruns, filming problems and whatnot," Evan explained, "The ultimate goal is to have fun while working "with some famous people like Julia Hawburts, George Cleeney, Brad Fitt, Clint Yeastwood, Angelina Wholee, and Meryl Schneep.
ITER has been suffering from significant budget overruns and as a result, is facing a major funding shortfall.
The budget overruns are now likely to force the HSE to generate further cost-savings, possibly by treating more people as day patients.
Using Tekla's BIM solution construction companies can streamline their project cycle, effectively cut costs, and manage waste that otherwise could jeopardize the existence of a project, and avoid potential time delays and budget overruns," said Reza Mashayekhi.
Technical problems and delays have caused budget overruns on Europe s biggest defence project.
Budget overruns - an artist's impression of the Airbus A400m
Countries building nuclear power plants in the Mena region must have a clear strategy in place and also plan early on safety and operational aspects to avoid double work and budget overruns, said a study by leading consulting firm AT Kearny.
Obama said defence budget overruns were particularly severe in Iraq - where around 150,000 private contractors are working for the US military - saying too much money had been paid out "for services that were never performed, buildings that were never completed, companies that skimmed off the top".
Another source of the huge budget overruns is new parkland that is being created next to the site along the Harlem River waterfront.
A former associate administrator at NASA says budget overruns have become a "cancer .

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