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.

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References in periodicals archive ?

We have asked that all such cost overrun be submitted to the Ministry,' the Honourable Minister of Transportation stated.

FG to overshoot budget for $1.5bn Lagos-Ibadan rail

Shanmugapriya and Subramanian (2013) highlighted that India also faced problems a serious issue of time and cost overrun in construction projects.

An Exploration of Cost Overrun in Building Construction Projects

logit[Pr(Y=GAO total program over budget cost overrun)] = 3.20--0.98(MPT word percentage)

Human systems engineering and program success--a retrospective content analysis

In a recent interview, Skanska USA Building's COO Richard Kennedy said "no one knows if the building is going to leak." Skanska estimates cost overruns for the 32-story building could amount to tens of millions of dollars.

Builder row not nail in coffin

Likewise, Malaysian construction industry is also affected by cost overrun burdens.

SEM-PLS analysis of inhibiting factors of cost performance for large construction projects in Malaysia: perspective of clients and consultants

Cost overrun (Actual Cost--Planned Cost) / 100 Planned Cost

How do Indian software projects perform? A cross sectional study

Lessons of extensive time delays and construction shortfalls learned from the Central Artery Tunnel Project, better known as "The Big Dig," seem lost in the four years since 2007 when that $14 billion project faced $12 billion in cost overruns and ran years behind schedule.

Delays take a bite out of taxpayers' wallets; 50% of bridge, road projects over budget

Expressing concern over time and cost overruns in some Central Sector Projects, Jaiswal said it is major problem affecting these projects, however due to monitoring by his Ministry the cost of overruns has come down from 62 per cent in 1991 to 13.9 per cent in December 2009.

Project management to be promoted as a special discipline: Sriprakash Jaiswal

BERLIN, Feb 1, 2010 (TUR) -- Talks on the cost overruns in the Airbus A400M military cargo plane project, between client countries and European Aeronautic Defence and Space Company (EADS) will continue on Thursday in Berlin, announced German Ministry of Defense.

(ECO) TALKS ON AIRBUS A400M COST OVERRUNS TO CONTINUE ON JANUARY 4

implemented to address the root causes, the analysis forecasts that in 10 years the average cost overrun may exceed 46 percent, up from 26 percent today," says the Deloitte study.

Weapon cost overruns: from bad to worse

Chicago officials have disclosed an approximate cost overrun of USD400m for the first phase of the renovation and expansion of Chicago's O'Hare International Airport.

O'Hare project faces cost overrun - claim

The traditional contract procurement has been widely criticized as an ineffective procurement method because it often involves time and cost overrun on construction projects.

The performance of traditional contract procurement on housing projects in Nigeria