The project is in iteration five of six when a team member unexpectedly leaves the company. What should the project manager do next?

The project manager should invite stakeholders to discuss a mitigation plan because this proactive approach involves key parties in problem-solving and ensures alignment on the best path forward. A team member's unexpected departure is a significant risk event requiring immediate attention and a collaborative strategy to minimize impact on project objectives. Taking on the work personally is unsustainable and doesn't address the root cause or long-term staffing needs. Reporting the delay in a status report is reactive and doesn't offer a solution. While logging an issue and escalating to the sponsor might be part of the process, a direct discussion with stakeholders is crucial for developing a comprehensive and agreed-upon mitigation strategy.