How do you share privileged passwords in your enterprise? [Part-1]

Assume that you are an IT administrator managing servers, databases, network devices and numerous other IT applications. All these resources are accessed/controlled through administrative passwords and are being used in a shared environment. That means, a group of administrators use the common privileged account to access the resource. The privileged accounts are accessible to all
the members of a team.

Needless to say, administrative passwords are very powerful and accord unlimited privilege to the users. Those who login through the privileged mode could access absolutely anything with ease. You have thousands of privileged passwords, majority of which are used in shared environment.

How do you share these administrative passwords? Is there a process ? How do you ensure security?

Apart from the

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