Different companies draft their individual philosophies about the pros and cons of technical debt, just as people do with monetary debt. Some companies desire to avoid keeping on any debt at all while others find small debt as somewhat a useful weapon and just wish to know the right means to use it wisely.
Some companies keep a track of team velocity versus debt. Once the velocity of the team commences to fall due to the service if technology debt, the team concentrates on lowering its debt till the velocity recovers. The other methodologies comprise of rework tracking. The dev team makes use of it as a measure to calculate how much debt they are aggregating.
Service of technology debt
The primary stage in debt servicing is to acknowledge all types of issues and file them—making the debt appear in front of the dev team. They could eventually be made a part of the product backlog or even fall out as a portion of separate tech debt backlog to be used with the objective of tracking. The team can easily access and prioritize and consider the major efforts required for the process and the trouble caused by tech debt frequency.
At this point, the owner of the product makes a rational decision whether the fiscal condition of the company justifies tech debt expenses. One thing to remember is that all technology debt should be paid. However, what’s important is that tech debt shouldn’t be accumulated as will damage the system. Hence look for the best way to pay off credit card debt easily and soon.
Just like the payment of credit card via credit card consolidation loan, it is advisable to clear off the high interest tech debt first. It is suggested that tech debt should be cleared out incrementally somewhat like a monthly mortgage clearing via the means of TDD, peer suggestions, refactoring, constant integration and automated testing.
An exciting take on tech debt talks about strategies of technology debt prioritization. Depending the business value degree which the application presently renders in comparison to the business value degree which the application will fulfill according to the future requirements of the business, there is a suggested tech debt prioritization quadrant. Each of the 4 conditions state how tech debt can be managed:
- Cash cow- Software which are presently of great value to the business but may not hold similar significance in the future. Solution- Maintain Operationally
- Stars- Software which are present of great value to the business and will remain valuable in the future of the business. Solution- Clear the debt
- Dogs- Software which are presently not of great value to the business and neither will be of any great value in the future. Solution- do not do them
- Problem Child- Software which are in the development stage and hold low value but will be of great value in the future for the business. Solution- Undertake prevention strategies.
It is significant that companies opt for awareness of technical debt and draft out ways and resources to handle it effectively to avoid a major system collapse.