CompTIA CLO-002 Exam With Confidence Using Practice Dumps

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

Change management is the process of controlling the lifecycle of all changes to IT services, enabling beneficial changes to be made with minimum disruption and risk1. Change management involves documenting, assessing, approving, implementing, and reviewing changes to IT resources, such as hardware, software, configuration, or capacity2. Change management aims to ensure that changes are aligned with the business objectives, requirements, and expectations, and that they are delivered in a timely, efficient, and effective manner3.

A procedure for upgrading an existing IT resource within the cloud is an example of change management, as it describes the steps and actions needed to make a change to the cloud service. A procedure for upgrading an IT resource should include the following elements4:

• The reason and objective for the upgrade
• The scope and impact of the upgrade
• The roles and responsibilities of the stakeholders involved in the upgrade
• The prerequisites and dependencies for the upgrade
• The schedule and timeline for the upgrade
• The risks and mitigation strategies for the upgrade
• The testing and validation methods for the upgrade
• The communication and notification plan for the upgrade
• The rollback and recovery plan for the upgrade
• The evaluation and feedback mechanism for the upgrade

A security procedure is a set of rules and guidelines that define how to protect IT resources from unauthorized access, use, modification, or destruction5. A security procedure is not the same as a procedure for upgrading an IT resource, as it focuses on the security aspects of the IT service, rather than the change aspects.

An incident management is the process of restoring normal service operation as quickly as possible after an unplanned disruption or degradation. An incident management is not the same as a procedure for upgrading an IT resource, as it focuses on the incident aspects of the IT service, rather than the change aspects.

A standard operating procedure (SOP) is a document that provides detailed instructions on how to perform a routine or repetitive task or activity. A standard operating procedure is not the same as a procedure for upgrading an IT resource, as it focuses on the operational aspects of the IT service, rather than the change aspects. References: CompTIA Cloud Essentials+ CLO-002 Study Guide, Chapter 6: Cloud Service Management, pages 229-230.

Resource tagging is the best option for a client’s finance department to identify the cost of cloud use in a public cloud environment shared by different projects and departments. Resource tagging is a feature that allows users to assign metadata to their cloud resources. These tags, which consist of a key and a value, make it easier to manage, search for, and filter resources1. Resource tagging can help to manage costs effectively, especially in large-scale cloud environments, by enabling the following capabilities2:

• Cost allocation: Resource tagging can help to allocate costs to different projects, departments, or business units based on the tags that are associated with each resource. For example, a tag can indicate the owner, purpose, or environment of a resource, such as ProjectA, Marketing, or Dev. By using these tags, the finance department can generate reports that show the breakdown of cloud spending by different categories and attributes.
• Cost optimization: Resource tagging can help to optimize costs by identifying unused, underutilized, or overprovisioned resources based on the tags that are associated with each resource. For example, a tag can indicate the status, expiration date, or performance of a resource, such as Active, 2023-12-31, or High. By using these tags, the finance department can monitor and analyze the usage and efficiency of cloud resources and make recommendations for cost savings or improvements.
• Cost governance: Resource tagging can help to enforce cost governance policies and best practices by applying tags that are consistent, standardized, and mandatory across all cloud resources. For example, a tag can indicate the compliance, security, or quality of a resource, such as PCI-DSS, Confidential, or Approved. By using these tags, the finance department can audit and verify that the cloud resources are following the rules and regulations that are set by the organization or external authorities.

The other options are not as suitable as resource tagging for the client’s finance department to identify the cost of cloud use because:

• Reserved instances: Reserved instances are a pricing model that allows users to reserve cloud resources for a fixed period of time and pay a lower rate than on-demand resources. Reserved instances can help to reduce costs by offering discounts for predictable and steady usage patterns, but they do not provide a way to track and allocate costs across different projects and departments3.
• Service level agreement: A service level agreement (SLA) is a contract that defines the level of service and performance that a cloud service provider (CSP) guarantees to its customers. An SLA can help to ensure the reliability, availability, and quality of cloud services, but it does not provide a way to measure and report costs for different projects and departments.
• RFI from the CSP: An RFI (request for information) is a document that solicits information from a CSP about its products, services, and capabilities. An RFI can help to evaluate and compare different CSPs based on various criteria, such as features, benefits, and pricing, but it does not provide a way to monitor and manage costs for existing cloud resources that are used by different projects and departments.

References:

• 2: Define your tagging strategy - Cloud Adoption Framework
• 3: What are Reserved Instances? - Amazon Web Services
• 1: What is Tagging in cloud computing?
• : What is a service-level agreement (SLA)? - IBM Cloud
• : What is an RFI? - TechTarget