Why an OpenShift Virtualization CDI deployment is failing with error "Reconciling to error state, illegal phase"

Issue

• During the installation of OpenShift Virtualization, the cdi deployment fails and cdi-operator shows the below error.

2021-12-03T10:22:49.519488028Z {"level":"info","ts":1638526969.5194452,"logger":"cdi-operator","msg":"Reconciling CDI","Request.Namespace":"","Request.Name":"cdi-kubevirt-hyperconverged"}
2021-12-03T10:22:49.519538505Z {"level":"info","ts":1638526969.5195239,"logger":"cdi-operator","msg":"Reconciling to error state, illegal phase","Request.Namespace":"","Request.Name":"cdi-kubevirt-hyperconverged","phase":"Deployed"}