To use PIM, you need one of the following paid or trial licenses: Azure AD Premium P2, Enterprise Mobility + Security (EMS) E5, or Microsoft 365 M5
PIM is about providing just-in-time (JIT) privileged access to resources.
PIM requires a P2 license for Azure AD tenant for all users that use PIM features, except for Global Administrator users (they are exempt from licensing requirement).
The activation period can be between 0.5 and 24 hours. Specifies the duration the role can active.
Access is time-bounded. Specify a start and end date for when the role can be used. The maximum duration is 1 year.
One or more approvers can be designated to activate privileges.
Require MFA to activate role.
See justification for why a privilege role was used