What Pentagon officials say -

And what they really mean:

Essentially Complete
It's half done

We predict...
We hope to God!

Risk is high but within acceptable ranges of risk:
100:1 odds, or with 10 times over budget using 10 times the people we said we'd employ.

Potential show stopper:
The team has updated their resumes.

Serious but not insurmountable problems:
It'll take a miracle...

Basic agreement has been reached:
The @##$%%'s won't even talk to us.

Results are being quantified:
We're massaging the numbers so that they will agree with our conclusions.

Task force to review:
7 people who are incompetent at their regular jobs have been loaned to the project

Not well defined at this time:
Nobody's even thought about it.

Still analyzing the requirements:
See previous answer.

Not well understood:
Now that we've thought about it, we don't want to think about it anymore

Requires further analysis and management attention:
Totally out of control!

Results are promising:
Turned power on and no smoke detected - this time...