The Technical Debt Monster: How to Defeat the Godzilla That Is Devouring 80% of the Federal IT Spend
I am always fascinated by Bill Curtis’ talks, his wit, and content. This presentation, The Technical Debt Monster: How to Defeat the Godzilla That Is Devouring 80% of the Federal IT Spend was no exception. Bill introducted the concept of technical debt (the future cost of known defects in production software that need to be fixed)
the future cost of known defects in production that need to be fixed; a component of the cost of ownership:
- Principal: cost of remediating problems in production code that need to be fixed
- Interest: continuing IT costs attributable to the problems in production that need to be fixed, such as higher maintenance costs, greater resource usage, etc.
- Liability: mission costs related to outages, breaches, etc. related to production problems that need to be fixed
- Opportunity cost: benefits that could have been achieved had resources been put on new capability rather than retiring technical debt
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