“Directionally correct”

Translation: The analysis is correct in its broad conclusions.

Real meaning: The analysis is incorrect in some of its numbers.

Example: “Let’s not get hung up too much on the details. The analysis is directionally correct.”

 “The right road, but the wrong direction.”

Translation: The analysis is asking the right questions.

Real meaning: The analysis is wrong, and one of the consultants is going to be fired.

Example: “We found the right road, but we took the wrong direction.”