What does it mean? How would you say it another way?
We've got our work cut out for us.

Question

Answer

This is going to take time/ This may be difficult/ We will be busy finishing this task

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I haven't heard this idiom yet either, but here's a link to the meaning:

http://idioms.thefreedictionary.com/have+work+cut+out

Answer

If you have your work cut out, you have something very difficult to do. It is an idiom.
Another way to say it: We really have a lot of work to do. Or you can say: We really have a lot to do. Those just a few examples how you can say it differently.

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