What does Total duration mean?

Answer 1

Total duration refers to the complete length of time required to complete a specific process or activity, often measured from start to finish. In project management, it encompasses all phases, including planning, execution, and any delays. In finance, it can also refer to the sensitivity of a bond's price to changes in interest rates, reflecting the average time until cash flows are received. Overall, total duration provides a comprehensive view of time commitments involved in various contexts.