title: What should the penalty/response for missing a deadline be?
body: <p>Being relatively new to the software industry I have come across a question of deadline enforcement: </p>
  
  <p>Back in the idyllic age of academia, the deadline was the end of the semester and the penalty was a well defined 'F' (or local equivalent). Out here in the real world we need to make code our current and future peers can work with, I face the situation where deadline comes, deadline goes, and the project is still not finished. </p>
  
  <p>Now what? On one extreme we could fire everyone involved, on the other we could richly reward everyone involved.</p>
  
  <ol>
  <li><p>What actions have you seen applied as 'penalty' for missed deadline, and which of these eventually resulted in more-good-code? </p></li>
  <li><p>What project-management responses caused the project to fail outright, </p></li>
  <li><p>What responses restored working order and resulted in code that could be maintained afterward?</p></li>
  <li><p>What responses resulted in more-bad-code?</p></li>
  </ol>