As an independent project manager, you have just been contracted by Innovative Automotive, an automobile accessories company that has been in business for 15 years. The company developed a new product: an after-market accessory that attaches to any windshield wiper and helps solve the problem of removing bugs from the front windshield.

You have been hired to manage the product launch. The project was started 18 months ago and was managed by the then-director of product development who has left for another opportunity. This project is floundering. It is 6 months behind schedule and over budget, and it lacks commitment from the four other functional groups who are key stakeholders: sales, accounting, IT, and order processing. This product needs to be brought to market in 6 months.

Summarize the project life cycle that will likely follow this project.