"Two junior project managers who are working on the same project are having a heated discussion$($an argument$)$ on the difference between the project management life cycle and the project life cycle. The first project manager is saying there is essentially no difference between the two while the second project manager is saying that there is a significant difference between the two. While this debate is occurring, a senior vice president from your division interrupts the two and asks them the following question: $"\text{'}$When the project is completed what is the expected lifetime of the deliverable?"$\text{'}$ Essentially, what is the vice president asking them?"

He is asking about the status of the project life cycle

$He$ is asking about the status of the project management life cycle

$He$ is asking about the status of the product

$He$ is trying to determine if they understand life cycle costing