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.
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.
State efforts to address current budget overruns could be more difficult if not for the improving state revenue picture.
So far, the missile defense program has been marked by many more technical failures and budget overruns than successes.
By implementing PMOffice, Systemcorp's customers have experienced a 25% decline in project failures, slashed their budget overruns by as much as 28%, and substantially optimized their resource management processes.
The Office of the Auditor General publishes a report showing that 17 out of 32 government-approved petroleum investment projects carded out in the North Sea during the 1990s had budget overruns of more than 20 per cent.
The dance company cited budget overruns and quickly announced that Enid Lynn and Peggy Lyman, head of the Hartford Ballet school and its B.
10) It will be interesting to see how lawmakers deal with these budget overruns.
We've all been bombarded with statistics about the prevalence of schedule delays, budget overruns, buggy software, disgruntled users, and outright project failures," he notes.
When the case begins, it is important to remember that even the most diligent attorneys can face budget overruns because of matters beyond their control.

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