CLO-002 Exam Dumps : CompTIA Cloud Essentials+

According to the CompTIA Cloud Essentials+ Study Guide, risk response is the process of developing and implementing strategies to address the identified risks in a cloud project1. There are four types of risk response strategies: acceptance, transference, avoidance, and mitigation1. Each strategy has its own advantages and disadvantages, depending on the nature and impact of the risk.

Acceptance is the strategy of acknowledging the risk and its consequences, without taking any action to reduce or eliminate it. This strategy is suitable for risks that have low probability and low impact, or for risks that are unavoidable or too costly to address. Acceptance can be passive, where no contingency plans are prepared, or active, where some reserves or fallback options are allocated1.

Transference is the strategy of shifting the risk and its responsibility to a third party, such as a cloud service provider, an insurance company, or a subcontractor. This strategy is suitable for risks that have high impact but low probability, or for risks that require specialized skills or resources to handle. Transference does not eliminate the risk, but it reduces the exposure and liability of the organization. However, transference also involves some costs and trade-offs, such as loss of control, dependency, or contractual issues1.

Avoidance is the strategy of eliminating the risk and its causes, by changing the scope, plan, or design of the cloud project. This strategy is suitable for risks that have high probability and high impact, or for risks that are unacceptable or intolerable for the organization. Avoidance can be effective in removing the threat, but it can also result in missed opportunities, reduced benefits, or increased costs1.

Mitigation is the strategy of reducing the probability and/or impact of the risk, by implementing some preventive or corrective actions. This strategy is suitable for risks that have moderate probability and impact, or for risks that can be controlled or minimized. Mitigation can be proactive, where actions are taken before the risk occurs, or reactive, where actions are taken after the risk occurs1.

In the given scenario, an organization determines it cannot go forward with a cloud migration due to the risks involved. This describes the avoidance strategy, as the organization is eliminating the risk and its causes by changing the plan of the cloud project. The organization is avoiding the potential negative consequences of the cloud migration, but it is also foregoing the potential benefits and opportunities of the cloud adoption. References: 1: Chapter 7, page 241-243

An audit policy is a set of rules and guidelines that define how to monitor and record the activities and events that occur on a system or network1. An audit policy can help track and report the actions of users, applications, processes, or devices, and provide evidence of compliance, security, or performance issues. An audit policy can also help deter unauthorized or malicious activities, as the users know that their actions are being logged and reviewed.

A cloud administrator who configures a server to insert an entry into a log file whenever an administrator logs in to the server remotely is using an audit policy, as they are enabling the collection and recording of a specific event that relates to the access and management of the server. The log file can then be used to verify the identity, time, and frequency of the administrator logins, and to detect any anomalies or suspicious activities.

An authorization policy is a set of rules and guidelines that define what actions or resources a user or a system can access or perform2. An authorization policy can help enforce the principle of least privilege, which means that users or systems are only granted the minimum level of access or permissions they need to perform their tasks. An authorization policy can also help prevent unauthorized or malicious activities, as the users or systems are restricted from accessing or performing actions that are not allowed or necessary.

A hardening policy is a set of rules and guidelines that define how to reduce the attack surface and vulnerability of a system or network3. A hardening policy can help improve the security and resilience of a system or network, by applying various measures such as disabling unnecessary services, removing default accounts, applying patches and updates, configuring firewalls and antivirus software, etc. A hardening policy can also help prevent unauthorized or malicious activities, as the users or systems are faced with more obstacles and challenges to compromise the system or network.

An access policy is a set of rules and guidelines that define who or what can access a system or network, and under what conditions or circumstances4. An access policy can help control the authentication and identification of users or systems, and the verification and validation of their credentials. An access policy can also help prevent unauthorized or malicious activities, as the users or systems are required to prove their identity and legitimacy before accessing the system or network. References: CompTIA Cloud Essentials+ CLO-002 Study Guide, Chapter 6: Cloud Service Management, pages 229-230.

Right-sizing compute resource instances is the process of matching instance types and sizes to workload performance and capacity requirements at the lowest possible cost. It’s also the process of identifying opportunities to eliminate or downsize instances without compromising capacity or other requirements, which results in lower costs and higher efficiency1. Right-sizing is a key mechanism for optimizing cloud costs, but it is often ignored or delayed by organizations when they first move to the cloud. They lift and shift their environments and expect to right-size later. Speed and performance are often prioritized over cost, which results in oversized instances and a lot of wasted spend on unused resources2.

Right-sizing compute resource instances is the best action that the analyst should consider to lower costs and improve efficiency, as it can help reduce the amount of resources and money spent on instances that operate at a fraction of the full processing capacity. Right-sizing can also improve the performance and reliability of the instances by ensuring that they have enough resources to meet the workload demands. Right-sizing is an ongoing process that requires continuous monitoring and analysis of the instance usage and performance metrics, as well as the use of tools and frameworks that can simplify and automate the right-sizing decisions1.

Consolidating into fewer instances, using spot instances, or negotiating better prices on the company’s reserved instances are not the best actions that the analyst should consider to lower costs and improve efficiency, as they have some limitations and trade-offs compared to right-sizing. Consolidating into fewer instances can reduce the number of instances, but it does not necessarily optimize the type and size of the instances. Consolidating can also introduce performance and availability issues, such as increased latency, reduced redundancy, or single points of failure3. Using spot instances can reduce the cost of instances, but it also introduces the risk of interruption and termination, as spot instances are subject to fluctuating prices and availability based on the supply and demand of the cloud provider4. Negotiating better prices on the company’s reserved instances can reduce the cost of instances, but it also requires a long-term commitment and upfront payment, which reduces the flexibility and scalability of the cloud environment5. References: Right Sizing - Cloud Computing Services; The 6-Step Guide To Rightsizing Your Instances - CloudZero; Consolidating Cloud Services: How to Do It Right | CloudHealth by VMware; Spot Instances - Amazon Elastic Compute Cloud; Reserved Instances - Amazon Elastic Compute Cloud.