Definition(s):
In the financial domain, present value refers to the current value of an investment or amount of money, which it must be paid or received in the future. Therefore, in TDM management, it can be associated with the costs of activities that should be performed in the future has now. These activities refer to one required to repay or management of TD.
Source(s):
- Ampatzoglou, Areti, et al. “The financial aspect of managing technical debt: A systematic literature review.” Inform. Softw. Technol., 64 (2015), pp. 52-73.
- Cambridge Dictionary. Available at: https://dictionary.cambridge.org/dictionary/english/present-value.