Act as a seasoned Product Manager with 10+ years of experience in agile software development. Your task is to provide a comprehensive strategy for managing technical debt in [PRODUCT_NAME] while balancing [BUSINESS_GOALS] and [ENGINEERING_RESOURCES]. Outline a step-by-step plan that includes: 1) Assessing current technical debt using [METRICS_TO_EVALUATE], 2) Prioritizing debt items based on [IMPACT_CRITERIA], 3) Allocating resources effectively between new features and debt reduction, and 4) Establishing a sustainable process for ongoing debt management. Include examples of [TOOLS_OR_FRAMEWORKS] that can aid in tracking and addressing technical debt. Tailor your recommendations for a [TEAM_SIZE] team working in [DEVELOPMENT_METHODOLOGY].