There are lots of benefits of regular assessment of technical debt in a code base. It is very necessary for you as the code owner to know the area in which the code is not functioning well, find the reason and rectify them at the earliest so that you do not have to incur too much loss. It you help you to decide whether your code is and asset or liability. You will also get all the insights and data to guide you for the refactoring. Identify faulty project, determining if your staffs are not being able to respond quickly enough to the requests of the customers can also be done by proper assessment and valuation.
Have Proper Call Option
A call option is selling someone with the right to an agreed quantity at an agreed price and not the obligation. This enables to reap the profit when the price is low and suffer a loss when the price rises. It is a better model than debt for faulty codes as it is meant to capture the unpredictability of it. If you introduce a code and never see it again afterward, then you are ahead and can reap the premium. In such a case, it would have been foolish on your part to spend time trying to clean it up. On the other hand, you can come up with new features within the time you saved from not having to refactor the code.
Prioritize the Value
When you assess tech debt regularly and document all the proceedings, it is easy to prioritize each debt according to the interest required to pay. Proper prioritization would help you to know which debt to address and rework on first and those debts which you can let go for the time being. The working principle is just the same as finding the best way to pay off credit cards loan. With proper assessment, you can add more value to software engineering practice, development techniques and capabilities of addressing deficits, project management skills, and defects in the quality of any software.
Reduce The Risk Involved
If you face serious tech debt, it is very costly to fix things cleanly. It also takes much of your time, and you not only lose business but also fall behind in the race. By proper addressing and taking call option properly, you can both save time and money as well. You have some naked or unhedged calls if your system is messy, it is bound to. Each call can cost you a fair bit of amount regarding money and time. Therefore, when you find some failure in code, you must take a call as soon as possible.
Refactoring Is An Option
Remember, that a little bit of tech debt to manageable proportions is good, but you must take regular care to keep it under control. With the passage of time, it becomes hard to change or fix codes unattended, and you cannot keep up with the competition. In such a case, refactoring is most suitable call option. If you know what is going to happen in the future, you do not have to spend any money now.
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