A more accurate title would be "Lady Godfather" but I suspect that would be too copyright-infringing. The good news is that Susan Lucci does pretty well through the whole thing, and she's not alone; most of the characters are pretty believable, even if the circumstances seem almost a cartoon of mob movies (men with rifles standing at the family balconies, mob bosses gathered around a table in a dimly-lit room, etc). Sure, a lot of it doesn't make much sense, but that's just typical suspense plotting for this kind of story: expect every scene to result in somebody's death, and you won't be surprised when it does, or who ordered it. It won't really matter anyway; this is just a vehicle for Lucci (and others) to do a decent job on a low-rent project, complete with endless synthesizer padding for background music*.
+extra credit for using the Psycho sting for knifing, and the all but stealing the Godfather theme for a funeral.