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Managing Technical Debt: Interest Rates, Impact, and Continuous Payments
This episode picks up from the last episode, episode 27, Advocating for Refactoring: Prioritization in the Context of Business Goals
We continue the conversion advocating for a proactive approach to managing technical debt, suggesting that teams treat it like a financial loan. I support making continuous "minimum payments" by regularly refactoring code, similar to making minimum payments on a loan, rather than waiting for large-scale cleanups. We also discuss prioritizing technical debt based on its "interest rate," or the cost of inaction, and its impact on business outcomes. The…
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