The primary function of Privileged Identity Management (PIM) and Privileged Access Management (PAM) is to manage the risk of elevated permissions. These systems are designed to control and monitor access to sensitive resources and actions by users with elevated or privileged access rights, such as administrators. By managing these privileged accounts and ensuring they are granted only when necessary, for the least amount of time, and with appropriate oversight, organizations reduce the risk of misuse or abuse of these powerful permissions.

This helps protect critical systems and sensitive data from being compromised by unauthorized access, which is especially important for maintaining the security of IT environments.