Is procrastination intrinsically bad?

pro·cras·ti·nate
v. intr.
To put off doing something, especially out of habitual carelessness or laziness.
v. tr.
To postpone or delay needlessly.

I’ve found myself procrastinating a lot recently. This has generally been regarding my AS Applied IT coursework – I let myself slip so far behind that even thinking about makes the insides of my palms cold and wet.