Once again, "racing" requires that various tasks be performed, not just driving. There is also a judgement factor involved which influences the outcome of the endeavour; placing first, second, last. This isn't something that typically happens in a corporate environment. At worst, the degree to which the developer adhered to the plan during development or the time taken to complete the development would come into question. But it is more of a binary measure, since one either meets the deadline or does not, there are usually no prizes for finishing split seconds ahead of the deadline.
Wow. Case in point, oh master. So we've established that you are oblivious to the fact that the OP was using development as shorthand for "what developers do", and to the fact that I wasn't trying to create an analogue between racing and development.
Moving on, as a matter of interest can you show me (a reference) where your definition of development comes from? I've already linked to mine, but am legitimately curious where yours comes from - I can't seem to find it online, perhaps your google Fu is better.