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Want to answer to my supervisor's question about the status of a task. What come's to my mind is "I'm on it". What's a more formal way of saying that?

closed as primarily opinion-based by FumbleFingers, Drew, Mari-Lou A, tchrist, Hellion Dec 28 '15 at 15:48

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    Do you want to avoid communicating a timeframe for completing the task? "I'm on it" is half a status report, if you ask me. – stevesliva Dec 26 '15 at 22:06
  • How's your answer coming along? "Consider it done." – JEL Dec 26 '15 at 22:22
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    Define "formal". – Drew Dec 26 '15 at 22:33
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Examples:

I'm about two-thirds of the way through the project.

It is my top priority at this time.

I'm working on other projects at the moment, but if you would like, I'll set them aside and focus on this task instead; just let me know.

I estimate I'll finish that task within the next two hours.

The more specific the update you can offer, the better the response will be received.

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    +1 Managers ultimately want to know when it will be finished. Just saying, “I’m on it” or it’s equivalent tells them virtually nothing and would probably inwardly frustrate the manager. – Jim Dec 26 '15 at 21:26
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    Maybe it's just me but the latter three phrases don't sound very good in spoken English.. very robotic. – Insane Dec 27 '15 at 3:13
  • @Insane Well, they're not spoken, they're written ;-) – yo' Dec 27 '15 at 13:27
  • @Insane- "You will no longer be alone. You will no longer feel fear. You will no longer have any worries. You will be able to adapt to any problems. You will be assimilated. Resistance is futile." – Mark Hubbard Dec 27 '15 at 18:36
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Here's one:

It's underway and should be done within (estimated time to completion).

un·der·way

adverb

having started and in progress; being done or carried out.

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You could say I'm working on it as we speak.

As we speak: just now; at this very moment

TFD

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An example of what you could say:

I'm currently working on this task and expect to be finished with it by the end of next week.

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I'm on top of it.

I'm on task.

I'm on schedule.

I've got it under control.

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“I'll see to it immediately.”

“I'll see to that right away Mrs. Johnson.”

These equate to a more formal “I'm on it”, if that can help you. But, as the managerial types have so smugly announced above, that is not sufficient for a status report” of a task already assigned some time prior, which by modern practice should include an estimated time of completion, all things considered.

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