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 ?
When asked about the cost overrun for the standard gauge rail project, the Honourable Minister of Transportation, Rt.
In the case of a service overrunning, the funeral director is informed of the overrun on the day of the funeral and advised that they can make representations to the crematorium manager.
Shanmugapriya and Subramanian (2013) highlighted that India also faced problems a serious issue of time and cost overrun in construction projects.
If the projected final cost differs from the total budget, the contractor is predicting a cost overrun at completion.
The factors are total solids, pH, acidity, time and temperature during freezing, physical damage during mixing, storage time and temperature and overrun (Akin et al., 2007; Homayouni et al., 2008).
Time overrun is an indicator of poor project performance.
If FERC grants Gulf South's request, shippers risk having to pay the existing overrun rate for the use of capacity in excess of its firm capacity rights on any day.
9, 2012 /CNW/ - The Transportation Safety Board of Canada (TSB) is assessing two separate overrun incidents that occurred today.
Summary: With an income exceeding SR1.1 trillion and a surplus of SR306 billion, Saudi economy appears to be solid and sound despite budgetary overruns of SR224 billion.
Among the rating constraints are the completion risk for a residual project and the company's notable cost overrun compared to the initial forecast.
MEP Audy regrets that the budgetary overrun now overshadows the positive scientific side to the programme.
Information given to the organisation's board on Thursday showed the hospital sector had an overrun of EUR98million, with hospitals in the west of the country the worst with a budget deficit of EUR36million.