(1). To refine an analysis or proposal after a client tells you to try again. The term is typically heard during an embarrassing tap dance after the materials your new analyst prepared for the meeting ended up being a total mess. Next time, you might want to take a peek at the book before you walk into the the meeting, champ.
“I hear what you’re saying, Peter, and we’ll go back after we break up here, sharpen our pencils and get those new estimates to you ASAP … in the meantime, any updates on our last three invoices? Just checking…”
(1). To lead some project or effort in hopes it gets you some sliver of recognition. It won’t. It will help the career of the guy who assigned it to you, though.
“Team, we’re going to focus on updating our client contact information database this summer. Fred here has graciously volunteered to spearhead the effort. I’ll be happy to report progress to management, of course. In the meantime, I’ll be sailing to the Virgin Islands, but should be available on BB if anyone needs me.”