CompTIA CLO-002 Exam With Confidence Using Practice Dumps

 Transference is a risk response strategy that involves shifting the responsibility or impact of a risk to a third party, such as an insurance company, a vendor, or a partner. By purchasing insurance, the company transferred the financial liability of the cloud migration project to the insurance provider, in case of any losses or damages. Transference does not eliminate the risk, but it reduces the exposure of the company to the risk12. References: CompTIA Cloud Essentials+ Certification Study Guide, Second Edition (Exam CLO-002), Chapter 4: Risk Management, pages 104-105.

 A project charter is a document that defines the scope, objectives, and stakeholders of a project. It also provides a high-level overview of the project’s benefits, risks, assumptions, constraints, and deliverables. A project charter is used to gain the support and approval of upper management and other key stakeholders before initiating a project. A project charter is one of the outputs of the cloud assessment process, which involves evaluating the feasibility, suitability, and readiness of an organization to adopt cloud services. References: CompTIA Cloud Essentials+ (CLO-002) Study Guide, Chapter 4: Cloud Assessment, Section 4.1: Cloud Assessment Process, page 9712; CompTIA Cloud Essentials+ Certification Exam Objectives, Objective 4.1: Given a scenario, analyze and report the outputs of a cloud assessment, page 143

Avoidance is a risk response technique that involves changing the project plan to eliminate the risk or protect the project objectives from its impact. Avoidance can be done by modifying the scope, schedule, cost, or quality of the project. Avoidance is usually the most effective way to deal with a risk, but it may not always be possible or desirable. In this case, the cloud customer is transferring all of its cold storage data to servers in a safer geographic region, which means they are changing the location of their data storage to avoid the risk of a natural disaster affecting their data. This way, they are eliminating the possibility of losing their data due to a natural disaster in their original region. This is an example of avoidance as a risk response technique. References: CompTIA Cloud Essentials+ CLO-002 Study Guide, Chapter 4: Cloud Security, Section 4.2: Cloud Security Concepts, Page 153. 5 Risk Response Strategies - ProjectEngineer1