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I've been thinking about hiring a couple of interns to work on projects that I don't have enough spare time for. One thing that came across my mind is whether I

I've been thinking about hiring a couple of interns to work on projects that I don't have enough spare time for. One thing that came across my mind is whether I should have some sort of an incentive for coming in under budget or ahead of schedule. On one hand, with hardware projects, sky is the limit for the potential costs (and they wouldn't have a reason to not overspend). On the other, having such an incentive would bias the planning and could result in issues seen in the article.

jay_kyburz 5y ago
The problem would be estimating the budget and schedule in the first place. If you are too aggressive it will seem unfair, too lax and you could actually slow the project down. Pay your bonuses to those people who show up for work on time, work well with others, make smart decisions, and who you would like to work with again in future.