After completing project initiation and starting planning, the project manager discovers several key team members lack the skills needed for important future tasks. What should the project manager do first?

The project manager should first develop the resource management plan and ensure adequate training. This proactive approach addresses the skill gap identified during planning by outlining how resources will be acquired, managed, and developed. Training existing team members is often more cost-effective and builds team capability, aligning with the project's long-term success. Replacing team members is a drastic measure that can lead to delays and increased costs, and should only be considered after other options are exhausted. Outsourcing a task might be a viable option later, but the initial focus should be on managing the internal team's capabilities. Updating the issue log is a reactive step that documents the problem but doesn't solve it; a plan for resolution is needed.