The project aims to develop a smartwatch-based system that tracks food intake and energy levels to promote a healthy lifestyle. Major deliverables include project charter, design, working product, progress reports, defect report, final product, and closure report. Success criteria include UAT acceptance, no open defects, schedule/cost variance, customer feedback, and NPS. Constraints include a 24-month timeframe and a budget of $300,000. Assumptions include availability of resources and knowledge of technical tools.