In project management, over budget means: Costing more than the amount of money that was planned and approved.
In Turkish: bütçeyi aşmış, bütçe üstünde
How it is used
Used in status reports, steering meetings and lessons-learned sessions. A project can be slightly or 15% over budget, and it can go or run over budget. The opposites are on budget, within budget and under budget.
Example sentences
The renovation is already 12% over budget, mainly because material prices went up.
If we add these features, we will go over budget unless we remove something else.
Common collocations
go over budget
run over budget
slightly over budget
under budget
on time and on budget
Related terms
budgetThe total amount of money approved for a project, usually broken down into costs such as staff, equipment, suppliers and a reserve for surprises.
cost overrunThe amount by which the actual cost of a project or task is higher than its approved budget.
forecastA prediction of how much a project will cost in the end or when it will finish, based on progress and spending so far.
contingencyExtra money or time added to a project plan to cover known risks and unexpected problems.
