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The phrase "exceed projections" is correct and commonly used in written English.
It means to surpass or go beyond predicted or expected numbers or outcomes. Example: The company's sales this quarter exceeded projections, bringing in a record-breaking profit.
Exact(9)
If the lottery dollars exceed projections, the state uses some of the money for other programs.
The sales exceed projections of industry analysts who were estimating that some five million consumers would purchase the game in the first two weeks.
If we're lucky and it continues over the next two months there's a good chance the growth rate will exceed projections".
Legal marijuana tax revenues have been breaking records in Colorado this summer, nearly doubling monthly numbers from last year and on pace to exceed projections of legal sales that bring revenue back to the state.
Under the proposal, the players could receive as much as 51 percent if league revenues exceed projections, or as little as 49 percent if revenues fall short of projections.
Mr. Davis said ridership and revenues would exceed projections, adding, "We've said all along that if this train can do what it was designed to do, go 80 miles an hour, and if the equipment is maintained and the service is courteous and the food is good and the price is reasonable, we should blow the doors off".
Similar(51)
Passenger levels have exceeded projections.
Two fund-raisers over the last year exceeded projections.
By the second year of legalization, marijuana tax revenues exceeded projections in both Colorado and Washington.
The number exceeded projections and matched voter participation in the 2008 U.S. presidential election.
Both revenue and the cost per available seat mile, a standard measurement, were exceeding projections, he said.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com