This IDC study identifies the key components of successful debt management in terms of four dimensions: vision, finance and risk, process, and technology, detailing each with four sub-dimensions that together fully describe the components and approach necessary to turn debt from a ticking time bomb into a powerful management practice that optimizes value. This insight into debt management maturity provides guidance to CIOs, IT directors, business leaders, CFOs, and CEOs on where they stand with technical debt; the business outcomes associated with more mature practices; and what they need to do to achieve them.
"Technical debt threatens every organization that depends on technology for its business and operating models," says Mike Rosen, research vice president with IDC's IT Executive Program. "Those organizations that ignore it will find themselves unable to innovate or compete, while organizations that face debt head-on will benefit from the speed and flexibility that come with better quality, planning, and decision making."
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