What Is Technical Debt and How Do Companies Manage It?
Technical Debt Examples
- Insufficient coding: Errors in programming can result in a faulty or subpar product.
- Poor software design: When the fundamental design of a product is either incorrect or substandard, costly redesigns, updates, or product recalls may be required.
- Restrictive timelines: Limiting the time and resources available to software developers may lead them to cut corners or rush the development process.
- Errors in strategic development: Discrepancies in project management can introduce oversights, shortcuts, or missing steps in the development process, resulting in inferior products or an extended development period as compensation.