diff --git a/continuous-integration.md b/continuous-integration.md
index 34daf71c..cab4c5ba 100644
--- a/continuous-integration.md
+++ b/continuous-integration.md
@@ -80,7 +80,7 @@ This event represents a Build task that has been started; this build process usu
 
 ### [`build finished`](examples/build_finished.json)
 
-This event represents a Build task that has finished. This event will eventually contain the finished status, success, error or failure
+This event represents a Build task that has finished and will contain the outcome of the given build.
 
 - Event Type: __`dev.cdevents.build.finished.0.1.1`__
 - Predicate: finished
@@ -92,6 +92,7 @@ This event represents a Build task that has finished. This event will eventually
 | source | `URI-Reference` | See [source](spec.md#source-subject) | | |
 | type | `String` | See [type](spec.md#type-subject) | |
 | artifactId | `Purl` | Identifier of the artifact produced by the build | `pkg:oci/myapp@sha256%3A0b31b1c02ff458ad9b7b81cbdf8f028bd54699fa151f221d1e8de6817db93427`, `pkg:golang/mygit.com/myorg/myapp@234fd47e07d1004f0aed9c` | `build` | |
+| outcome | `String` | Represents the finished state of a build. | `succeeded`, `failed`, `cancelled` | |
 
 ### [`artifact packaged`](examples/artifact_packaged.json)
 
diff --git a/examples/build_finished.json b/examples/build_finished.json
index 72db1245..d78050eb 100644
--- a/examples/build_finished.json
+++ b/examples/build_finished.json
@@ -11,7 +11,8 @@
     "source": "/event/source/123",
     "type": "build",
     "content": {
-      "artifactId": "pkg:oci/myapp@sha256%3A0b31b1c02ff458ad9b7b81cbdf8f028bd54699fa151f221d1e8de6817db93427"
+      "artifactId": "pkg:oci/myapp@sha256%3A0b31b1c02ff458ad9b7b81cbdf8f028bd54699fa151f221d1e8de6817db93427",
+      "outcome": "succeeded"
     }
   }
 }
diff --git a/schemas/buildfinished.json b/schemas/buildfinished.json
index e84ac9c4..6dd5cb43 100644
--- a/schemas/buildfinished.json
+++ b/schemas/buildfinished.json
@@ -20,9 +20,9 @@
         "type": {
           "type": "string",
           "enum": [
-            "dev.cdevents.build.finished.0.1.1"
+            "dev.cdevents.build.finished.0.1.2"
           ],
-          "default": "dev.cdevents.build.finished.0.1.1"
+          "default": "dev.cdevents.build.finished.0.1.2"
         },
         "timestamp": {
           "type": "string",
@@ -62,6 +62,15 @@
           "properties": {
             "artifactId": {
               "type": "string"
+            },
+            "outcome": {
+              "type": "string",
+              "minLength": 1,
+              "enum": [
+                "succeeded",
+                "failed",
+                "cancelled"
+              ]
             }
           },
           "additionalProperties": false,
@@ -97,4 +106,4 @@
     "context",
     "subject"
   ]
-}
\ No newline at end of file
+}