Thursday, 19 May 2016

Managing Technical Debt Using Total Cost of Ownership

Managing Technical Debt Using Total Cost of Ownership: "Total Cost of Ownership (TCO) can be used for investment decisions and financial benefit analysis. When applied to software it covers the initial development costs and subsequent maintenance costs until phase out of a product. TCO can support architectural decisions and management of technical debt.

Hans Sassenburg talked about total cost of ownership analysis at the Bits&Chips Software Engineering conference. In his talk Sassenburg showed several metaphors that can be used to "sell" the concept of TCO. The metaphor of technical dept is easy to understand, but people often find it difficult to see technical debt increasing during the product lifecycle and take action said Sassenburg.

InfoQ did an interview with Sassenburg about using the total cost of ownership concept for managing software development, the main causes of technical debt and how to reduce technical debt or prevent accumulation of debt, managing R&D investments and costs and improving the quality of software products."



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