This is a clone of issue OCPBUGS-30192. The following is the description of the original issue:
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I took a look at Component Readiness today and noticed that "[sig-cluster-lifecycle] cluster upgrade should complete in a reasonable time" is permafailing.  I modified the sample start time to see that is appears to have started around February 19th.

Is this expected with 4.16 or do we have a problem?

https://sippy.dptools.openshift.org/sippy-ng/component_readiness/test_details?arch=amd64&arch=amd64&baseEndTime=2024-02-28%2023%3A59%3A59&baseRelease=4.15&baseStartTime=2024-02-01%2000%3A00%3A00&capability=Other&component=Cluster%20Version%20Operator&confidence=95&environment=ovn%20upgrade-minor%20amd64%20metal-ipi%20standard&excludeArches=arm64%2Cheterogeneous%2Cppc64le%2Cs390x&excludeClouds=openstack%2Cibmcloud%2Clibvirt%2Covirt%2Cunknown&excludeVariants=hypershift%2Cosd%2Cmicroshift%2Ctechpreview%2Csingle-node%2Cassisted%2Ccompact&groupBy=cloud%2Carch%2Cnetwork&ignoreDisruption=true&ignoreMissing=false&minFail=3&network=ovn&network=ovn&pity=5&platform=metal-ipi&platform=metal-ipi&sampleEndTime=2024-03-04%2023%3A59%3A59&sampleRelease=4.16&sampleStartTime=2024-01-16%2000%3A00%3A00&testId=Cluster%20upgrade%3A0bf7638bc532109d8a7a3c395e2867da&testName=%5Bsig-cluster-lifecycle%5D%20cluster%20upgrade%20should%20complete%20in%20a%20reasonable%20time&upgrade=upgrade-minor&upgrade=upgrade-minor&variant=standard&variant=standard

Component Readiness has found a potential regression in [sig-cluster-lifecycle] cluster upgrade should complete in a reasonable time.

Probability of significant regression: 100.00%

Sample (being evaluated) Release: 4.16
Start Time: 2024-02-27T00:00:00Z
End Time: 2024-03-04T23:59:59Z
Success Rate: 0.00%
Successes: 0
Failures: 4
Flakes: 0

Base (historical) Release: 4.15
Start Time: 2024-02-01T00:00:00Z
End Time: 2024-02-28T23:59:59Z
Success Rate: 100.00%
Successes: 47
Failures: 0
Flakes: 0

View the test details report at https://sippy.dptools.openshift.org/sippy-ng/component_readiness/test_details?arch=amd64&arch=amd64&baseEndTime=2024-02-28%2023%3A59%3A59&baseRelease=4.15&baseStartTime=2024-02-01%2000%3A00%3A00&capability=Other&component=Cluster%20Version%20Operator&confidence=95&environment=ovn%20upgrade-minor%20amd64%20metal-ipi%20standard&excludeArches=arm64%2Cheterogeneous%2Cppc64le%2Cs390x&excludeClouds=openstack%2Cibmcloud%2Clibvirt%2Covirt%2Cunknown&excludeVariants=hypershift%2Cosd%2Cmicroshift%2Ctechpreview%2Csingle-node%2Cassisted%2Ccompact&groupBy=cloud%2Carch%2Cnetwork&ignoreDisruption=true&ignoreMissing=false&minFail=3&network=ovn&network=ovn&pity=5&platform=metal-ipi&platform=metal-ipi&sampleEndTime=2024-03-04%2023%3A59%3A59&sampleRelease=4.16&sampleStartTime=2024-02-27%2000%3A00%3A00&testId=Cluster%20upgrade%3A0bf7638bc532109d8a7a3c395e2867da&testName=%5Bsig-cluster-lifecycle%5D%20cluster%20upgrade%20should%20complete%20in%20a%20reasonable%20time&upgrade=upgrade-minor&upgrade=upgrade-minor&variant=standard&variant=standard