How can you quantify the impact of technical debt on project timelines to justify allocation of resources?
Technical debt is a concept in software development that refers to the cost of additional rework caused by choosing an easy, limited solution now instead of using a better approach that would take longer. Imagine it as the software equivalent of financial debt: taking shortcuts can speed up development in the short term but often results in increased costs later due to the need for refactoring or dealing with complications arising from the initial compromise. Quantifying this debt is crucial for project management as it can significantly impact project timelines and resource allocation.