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Manage Technical Debt Under Delivery Pressure

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The question is on your right: Manage Technical Debt Under Delivery Pressure. Take a moment with it first.

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Technical Debt vs Delivery Pressure

You are the Engineering Manager for a product team that is shipping new features while the codebase is getting harder to change. The team needs to keep delivery moving, but technical debt is starting to slow releases and create defects.

How do you approach technical debt in your projects?