Meaning of “cost overrun” in the English Dictionary

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"cost overrun" in Business English

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cost overrunnoun [ C or U ]

uk us

the fact of spending more money on a project than was planned in the budget, or the actual extra amount that is spent:

The projected cost overrun on the new system is expected to be in the region of $500,000.
They attempted to minimize the risk of cost overrun.

(Definition of “cost overrun” from the Cambridge Business English Dictionary © Cambridge University Press)