Every component of your application needs to be in the hands of the admissions committee before the deadline for a particular round. There is no leeway. Everything has to be in.
Have you set a date for the GMAT yet? If not, the week before a deadline probably isn't the best idea. You should know your score before you start working on your application. Otherwise your strategy is going to be mostly hypothetical. I mean, without a score in hand, you probably wouldn't have the best idea if you're competitive for a particular school or if you should reassess.
Not sure where you stand in the process but let me know if you have any other questions!
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