In the context of project financing, the amount of capital expenditures or funding above the original estimate to complete the project.
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.
National Transportation Safety Board hearings into the Southwest Airlines 737-700 that overran a runway at Chicago Midway last December concluded yesterday with attention focused on the pilots' calculation of stopping distance before landing and their decision to land in deteriorating winter conditions rather than divert to another airport, an option they discussed during flight.
This represents a failure rate of 73%, whereas research commissioned by Evoke Software and carried out by US analysts The Standish Group showed that 83% of corporate IT projects with a budget of over $1 Million had overran or failed.