This could be part of being balanced but in reality it is not. Sometimes we see prioritising in our school and work life prioritising to be doing what’s due now and how can we get it done generally to the detriment of other things. We want to work away from that in that if we organise early, balance our self and schedule then prioritising should be simple.
As an example: if I know I have a research project due in four weeks I start it the week I get it at that stage its a low priority, but I start it. What my goal is to by the fourth week when it is the fourth week and it's high priority I actually have to spend less time on it than I did when it was low priority.