RedMonk published a great article today on the incompleteness of technical debt as a metaphor. This touches on a number of points, the best one I think is that for many people in business, debt just isn’t a “bad per se” thing. Technical debt, more often than not, is.
I completely agree with the analysis. Presenting technical debt as risk is a more accurate picture a lot of the time. While it’s potentially even more accurate to relate them to other financial instruments (my favourite is the “uncollateralized technical debt obligation”), it’s much more difficult to relate to.
I’d like to share the simile I use.