When Completing the Forward Pass, the Project Duration Is Determined

question 61

Essay

When completing the forward pass, the project duration is determined.A project duration of 90 days doesn't mean that if the project were to start today it would be complete in 90 days.Explain.

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Definitions:

International Gold Standard

A monetary system in which the standard economic unit of account is based on a fixed quantity of gold, facilitating international trade and investment.

Exports

Products or services traded or sold from one nation to another.

Imports

Purchased goods or services brought into one country from another.

Financial Account

A component of the balance of payments that records transactions of financial assets between a country and the rest of the world.