Here's a set of definitions to help you understand what those Checkpoint Reports are really telling you ! [author(s) unknown]
It's half done.
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 they will agree with our conclusions.
Task force to review.
Seven 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 analysing 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...
Elements will be phased in gradually as the software interface matures
Unacceptable stretching-out of the time scale
Still in the early phase of the learning curve
The requirement was changed and the programme concluded
Experiencing transient malfunctions
Conceptually configured in several variations
A structured interface with the government on an inter-departmental basis
I hope this helps. Maybe you have some that we should add to the list. Tell us in your comments.