In their haste to deliver software capabilities, developers sometimes engage in less-than-optimal coding practices. If not addressed, these shortcuts can ultimately yield unexpected rework costs that offset the benefits of rapid delivery. Technical debt conceptualizes the tradeoff between the short-term benefits of rapid delivery and long-term value. Taking shortcuts to expedite the delivery of features in the short term incurs technical debt, analogous to financial debt, that must be paid off later to optimize long-term success. Managing technical debt is an increasingly critical aspect of producing cost-effective, timely, and high-quality software products, especially in projects that apply agile methods.