QTP life cycle i have never heard.. if u mean Quick Test 
Workflow than please refer below:

Prepare -> Create -> Verify and Enhance -> Integrate

Prepare: Prepare the automated test env.
Create: Record user action to generate the basic test.
Veryfy and Enhance: Enhance the automated test for playback 
and testing.
Integrate: Run multiple tests to check the flow of data.

Please let me know if it satisfies ur query.

TEST PLANNING,GENERATING THE BASIC SCRIPT,Enhancing the 
script,debugging the script,executing the script,track and 
report the defects

QTP Life Cyle:
Consists of 6 phases, 
Test Planing: Here understand the requirements and identify 
the areas to be automated.
Generating the basic Test:Script is generated 
Enchancing the Test: by inserting the check points
 2. synchronizing the Test
3. parameterizing the Test
4, inserting the output values
5. Measuring Transactions
6.Inserting the programmatic Statements
7. Adding Comments
8. Inserting the script statements manually

Debugging the Test: develop the test as per user 
requirements
Executing the test: developed test is executed to check 
whether working properly
Analysing the Result: after executing the outcome is 
observed diverting from the user requirements, if yes is a 
defect, is reported and modified until it works propery.