Law360 (May 10, 2019, 2:51 PM EDT) -- "Legal project management debt" is the accumulation of additional work pre-engagement, during the matter and post-completion, due to a lack of application of project management disciplines throughout the matter life cycle.
In software development, "technical debt" or "design debt" refers to the cost of additional rework caused by choosing an inferior solution or design instead of using a better approach. Technical debt can be compared to monetary debt. If it is not repaid, it accumulates "interest," making it harder to implement changes later down the line. Unaddressed technical debt creates unpredictability and suboptimal outcomes. However, technical debt is not always a...
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