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 ?
Department of Transportations (DOT) Federal Transit Administration (FTA) today issued a Safety Directive 16-5 to the Washington Metropolitan Area Transit Authority (WMATA) requiring the transit agency to address the serious safety concern of stop signal overruns in its Metrorail system by implementing 11 required actions and expediting completion of prior corrective actions approved by FTA.
The government program manager's estimated final overrun was slightly higher than the contractor estimate yet less than the overrun to date.
The viability reduction in control (without glycerol) sample with 60% overrun was 17% and with increasing the overrun amount this loss increased up to 18% (with 80% overrun) and 21% (with 100% overrun).
Table 2 shows the pair wise correlation coefficients for the three outcome measures namely time overrun, cost overrun and quality.
In May 1991, the overrun with respect to the original cost was over 62 per cent.
Turkey announced that it would not pay extra money for the cost overruns.
That cost is about eight to 11 times lower than the potential cost of overrun charges if works were not planned properly.
Water ices typically have a very low overrun, but a company spokesman explained to reporters that a 100 percent overrun is "easily achievable" with the new system, allowing manufacturers a greater level of creativity in this product category than ever before.
RAIL infrastructure company Network Rail was today fined a record pounds 14m following serious engineering work overruns over the New Year.
Both he and Virgin's chief executive Tony Collins told MPs they had concerns that the work might overrun and had told NR of their fears.
The progressive substitution of WPI with EWP did not cause major changes in foam overrun.
The traditional contract procurement has been widely criticized as an ineffective procurement method because it often involves time and cost overrun on construction projects.