Password Management System for multiple SysAdmins?

Solution 1:

We use this : http://sourceforge.net/projects/phppassmanager/ (a little bit modified/tuned)

It's installed on a HTTPS web server with Active Directory authentication to restrict password retrieval to our team. Each member of the team knows a master password used to encrypt all the passwords stored in phppassmanager. They use it when they want to add/modify/read a password. The passwords are stored encrypted in a mysql database.

They potentialy have access to all the passwords but each password decryption is loggued, and the logs are shown to the whole team on the main page. This system is self-monitored and self-managed.

Solution 2:

I use KeePass and i'm very happy with it. It's an opensource easy to use password manager.