A Scorecard for Technical Debt
Corporate technology debt (which we will refer to as technical debt) is usually the result of not considering the future effort needed after shortcuts misfire. Recently, CFOs have been taking on the responsibility of IT function, with some IT departments reporting directly to the CFO or relying on them for spending approval. Therefore, awareness of technical debt is necessary for these CFOs. Finance executives, however, will have a different perspective on technical debt than those in IT. For them, technical debt is threatening because it can results in dollars worth of lost opportunities.