A security review shows too many users have privileged access. You must implement privileged access management that enforces time limits on privileged access and requires approval to activate roles while minimizing cost. What should you do first?

The correct first step is to upgrade the license of the Azure Active Directory (Azure AD) tenant because Privileged Identity Management (PIM), which is essential for enforcing time limits on privileged access and requiring approval for role activation, requires an Azure AD Premium P2 license. Without this license, you cannot implement the core requirements of the security review. Configuring notifications or alerts when privileged roles are activated, or enforcing Azure Multi-Factor Authentication (MFA) for role activation, are important security measures, but they are either features of PIM itself or prerequisites that can be configured after PIM is enabled. PIM is the foundational service needed to meet the specific requirements of time-limited access and approval workflows.