Adding expertise later

During a project kick off there was this senior business leader who came in and just declared that the project was doomed to fail. His reasons were, the experience and skill level of team staffed in the project was inadequate for the complexity of the project.

6 months into the project in light red, I come to know that the estimates on cost and time provided to the end customer was way way below their estimate and they took the deal with both hands.

12 months into the project we have triple the number of "Principal Consultants" in the project since the time we started the project and we are already booking losses.