Managing Long-Term Projects: Why People Procrastinate – and How To Get Them To Stop
Does this sound familiar? A solid performer on your team is tackling an important project that will require sustained effort over a long period of time. Despite her best intentions, day-to-day stuff keeps getting in the way. Then, with the deadline right around the corner, she drops everything and scrambles to finish the project. As a manager, wouldn’t it be great if you could help your people avoid the last-minute rush and create sustained effort on long-term projects? In this Quick Take, you will learn the concept of “temporal discounting” – and why it almost guarantees that long-term projects will get sidelined by day-to-day demands; how to structure projects, deadlines and incentives to promote sustained effort; and how temporal discounting affects bonuses and incentives.