Overrun

(redirected from Budget overrun)
Also found in: Dictionary, Thesaurus, Legal, Encyclopedia.
Related to Budget overrun: overruns

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 ?
These remarks were made after the international Dispute Adjudication Board (DAB) ordered the Autoridad del Canal de Panama (Panama Canal Authority, ACP) to pay the GUPC US$17 million for budget overruns and extra labor costs, an amount far in excess of the US$495,000 that the ACP had said it was willing to pay.
BRENDAN Howlin, the guy who's always telling us the country is broke, is looking for [euro]33million because of budget overruns.
It will determine if the proposed development is feasible and highlight any potential problems such as; suitability of the site, planning approval, dealing with the local council, addressing objections from neighbours, budget overruns and so forth.
The political forces in Congress, even before the current sequestration, had found the JWST program's budget overruns and mismanagement a little too much to swallow.
The '2012 Capital Projects and Infrastructure Survey' showed 72% of respondents forecasting increased spending, despite 64% experiencing budget overruns.
To avoid unnecessary budget overruns, the defense acquisition community must maintain a commitment to systems engineering and integration throughout the program, portfolio, and enterprise life cycle.
Any time and budget overruns regarding the future projects of Ganesan could also prompt such a revision.
aFiscal rules can help ensurea budget overruns are anot repeated in future upswings,a it wrote.
The Games were meant to showcase India's status as an emerging global power, but the sporting headlines were stolen by venue delays, shoddy construction and budget overruns that saw the cost of the event triple to $6 billion.
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.
A report published by the council last year suggested the partnership had saved taxpayers' pounds 120 million since it was formed by "ironing out inefficiencies, budget overruns and missed deadlines".

Full browser ?