The strategy for replacing Privilege Access Management (PAM) tools by the fiscal year 2026 is comprehensive and multi-faceted, starting with an evaluation of the current tools. This includes conducting an inventory, surveying the IT team for feedback, and assessing the cost, compliance, and security capabilities. For instance, understanding user pain points and existing security breaches helps create a baseline for improvement.
Following this, the plan moves to researching and shortlisting new PAM options. This involves compiling a market list, evaluating features, reviewing industry reports, and engaging with forums for recommendations. Product demos and trial implementations with selected tools allow the team to gather hands-on feedback and determine the best fit.
The final phase involves implementing and transitioning to the new PAM tools. This requires a detailed plan with assigned roles, communication strategies, and scheduled training sessions. Data migration and rigorous testing ensure a smooth transition, while phased rollouts minimize disruption. Continuous support and performance monitoring are critical for addressing issues and fine-tuning the new systems.
The strategies
⛳️ Strategy 1: Evaluate current PAM tools
- Conduct an inventory of all current PAM tools and document their features
- Survey the IT team for feedback on current tools’ strengths and weaknesses
- Analyse the cost and licensing agreements of current PAM tools
- Assess the compliance and security capabilities of current PAM tools
- Identify any integrations each PAM tool has with other systems
- Compile a list of pain points and areas for improvement in current tools
- Determine the total operational costs associated with current PAM tools
- Collect user feedback on usability and effectiveness of current PAM tools
- Gather data on instances of security breaches and their association with current PAM tools
- Report findings and benchmarking data to stakeholders
⛳️ Strategy 2: Research and shortlist new PAM tool options
- Compile a list of leading PAM tools in the market
- Review online resources and industry reports on top PAM solutions
- Engage with industry forums and communities to gather recommendations
- Schedule demonstrations and product walk-throughs with leading PAM providers
- Evaluate the features and specs of potential new PAM tools
- Assess the integration capabilities with existing systems of shortlisted PAM tools
- Analyse cost and licensing details of new PAM tools
- Check compliance and security standards of new PAM tools
- Solicit feedback from a sample group of users via trial implementations
- Create a summary of findings to present to key decision-makers
⛳️ Strategy 3: Implement and transition to new PAM tools
- Develop a detailed implementation plan with timelines and milestones
- Assign roles and responsibilities to the implementation team
- Establish a communication plan to inform stakeholders and users about the changes
- Schedule training sessions for IT and relevant staff on new PAM tools
- Migrate data and settings from old to new PAM tools as per the transition plan
- Conduct rigorous testing to ensure seamless integration and functionality
- Address any issues and bugs identified during the testing phase
- Roll out the new PAM tools in phases to minimize disruption
- Establish a support system for end-users to report problems and seek help
- Monitor the performance of new PAM tools and make necessary adjustments
Bringing accountability to your strategy
It's one thing to have a plan, it's another to stick to it. We hope that the examples above will help you get started with your own strategy, but we also know that it's easy to get lost in the day-to-day effort.
That's why we built Tability: to help you track your progress, keep your team aligned, and make sure you're always moving in the right direction.
Give it a try and see how it can help you bring accountability to your strategy.
