CLO-002 Exam Dumps : CompTIA Cloud Essentials+

Explanation: A risk assessment is a process of identifying, analyzing, and controlling hazards and risks within a situation or a place1. According to the CompTIA Cloud Essentials+ Certification Study Guide, Second Edition (Exam CLO-002), a risk assessment should include the following steps2:

• Identify the assets that are relevant to the scope of the assessment. Assets can be physical, such as hardware and software, or non-physical, such as data and information.
• Identify the threats and vulnerabilities that could affect the assets. Threats are sources of potential harm, such as natural disasters, cyberattacks, or human errors. Vulnerabilities are weaknesses or gaps in the security or protection of the assets, such as outdated software, misconfigured settings, or lack of encryption.
• Analyze the likelihood and impact of each threat-vulnerability pair. Likelihood is the probability of a threat exploiting a vulnerability, and impact is the severity of the consequences if that happens. The combination of likelihood and impact determines the level of risk for each pair.
• Evaluate the risks and prioritize them based on their level. Risks can be categorized as low, medium, high, or critical, depending on the organization’s risk appetite and tolerance. Risk appetite is the amount of risk that the organization is willing to accept, and risk tolerance is the degree of variation from the risk appetite that the organization can endure.
• Implement appropriate controls to mitigate or reduce the risks. Controls are measures or actions that can prevent, detect, or correct the occurrence or impact of a risk. Controls can be administrative, technical, or physical, and they can have different functions, such as preventive, detective, corrective, deterrent, or compensating.

Based on these steps, two components that should be included in the draft of a risk assessment are asset inventory and data classification. Asset inventory is the process of identifying and documenting the assets that are within the scope of the assessment1. Data classification is the process of categorizing data based on its sensitivity, value, and criticality to the organization3. These components are essential for determining the potential risks and impacts that could affect the assets and data, and for applying the appropriate controls and protection levels.

Monthly cloud service costs are best described as operating expenditures. Operating expenditures (OPEX) are the ongoing costs of running a business or a service, such as rent, utilities, salaries, maintenance, and subscriptions1. Cloud services are typically paid on a monthly or annual basis, depending on the usage and the service level agreement. Cloud services reduce the need for capital expenditures (CAPEX), which are the upfront costs of acquiring assets, such as hardware, software, or infrastructure1. Fixed expenditures are the costs that do not change regardless of the level of output or activity, such as rent or insurance2. Personnel expenditures are the costs of hiring, training, and retaining employees, such as salaries, benefits, or taxes3. References: CompTIA Cloud Essentials+ Certification | CompTIA IT Certifications, CompTIA Cloud Essentials CLO-002 Certification Study Guide, Fixed Costs Definition, Personnel Costs Definition

 A proof of value (POV) is a method of testing a cloud solution before fully adopting it, to ensure that it meets the company’s operations and business processes. A POV can help a company avoid failure of a cloud project by validating the feasibility, functionality, and benefits of the cloud solution, and identifying any gaps or issues that need to be resolved. A POV can also help a company compare different cloud solutions and select the best one for their needs. A POV is different from a proof of concept (POC), which is a more technical demonstration of the cloud solution’s capabilities and performance. References: CompTIA Cloud Essentials+ Certification Study Guide, Second Edition (Exam CLO-002), Chapter 3: Cloud Planning, Section 3.2: Cloud Adoption, Subsection 3.2.2: Proof of Value1