“Time is money” is a worn out cliché. However, it bears repeating in the context of technical debt because of the interplay between borrowing time, paying it back and creating value. This interplay forms the basis for the simple yet effective software governance framework. Ward Cunningham originally coined the term Technical Debt to express the concept of a development team borrowing time through taking some technical short cuts. Ward explains this very clearly in this video. The idea is “simple”: release a (software) product sooner to market with the explicit understanding that the technical debt will be “paid back” through refactoring at the earliest possible time after release. By so doing, the development team gets …

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