The act of placing yourself or others (usually those who work for you) in crisis mode now for something far in the future that may or may no ever happen. The same amount of energy is expended and stress is created in a compressed timeframe as if you had waited until the last minute only it is done now when it is uncertain if the event will actually occur.
Why does the boss always pre-crastinate? We end up doing cheetah flips and running around like our pants are on fire for something 6 months away "just in case." Then they cancel the thing.