CLO-002 VCE Exam Download

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

A hybrid cloud deployment model includes application components on a company’s network as well as on the Internet. A hybrid cloud is a combination of two or more cloud deployment models, such as public, private, or community, that are connected by a common network or technology. A hybrid cloud allows the company to leverage the benefits of both public and private clouds, such as scalability, cost-efficiency, security, and control. A hybrid cloud can also enable the company to use different cloud services for different types of workloads, such as sensitive data, high-performance computing, or disaster recovery12. References: CompTIA Cloud Essentials+ Certification | CompTIA IT Certifications, CompTIA Cloud Essentials+: Essential Cloud Principles, CompTIA Cloud Essentials CLO-002 Certification Study Guide, CompTIA Cloud+ Certification Exam Objectives

 Vendor lock-in is the type of risk that is most likely to be associated with moving all data to one cloud provider. Vendor lock-in refers to the situation where a customer is dependent on a particular vendor’s products and services to such an extent that switching to another vendor becomes difficult, time-consuming, or expensive. Vendor lock-in can limit the customer’s flexibility, choice, and control over their cloud environment, and expose them to potential issues such as price increases, service degradation, security breaches, or compliance violations. Vendor lock-in can also prevent the customer from taking advantage of new technologies, innovations, or opportunities offered by other vendors. Vendor lock-in can be caused by various factors, such as proprietary formats, standards, or protocols, lack of interoperability or compatibility, contractual obligations or penalties, or high switching costs12

References: CompTIA Cloud Essentials+ Certification Exam Objectives3, CompTIA Cloud Essentials+ Study Guide, Chapter 2: Business Principles of Cloud Environments2, Moving All Data to One Cloud Provider: Understanding Risks1

The first step for the business analyst to select a cloud provider for the new cloud project is to gather business and technical requirements for key stakeholders. Business requirements are the needs and expectations of the business units and end users, such as the goals, benefits, and outcomes of the project. Technical requirements are the specifications and constraints of the cloud solution, such as the performance, availability, security, and scalability. Gathering business and technical requirements is essential to understand the scope, objectives, and criteria of the project, and to evaluate and compare different cloud providers based on their capabilities and offerings1.

Conducting a feasibility study of the environment is a possible next step after gathering the requirements, to assess the viability and suitability of the cloud project, and to identify the risks, costs, and benefits of moving to the cloud2. Conducting a benchmark of all major systems is another possible step after gathering the requirements, to measure the current performance and utilization of the existing systems, and to determine the optimal configuration and resources for the cloud solution3. Drawing a matrix diagram of the capabilities of the cloud providers is a possible step after gathering the requirements and conducting the feasibility study and the benchmark, to compare and contrast the features and services of different cloud providers, and to select the best fit for the project4.

References:

• 1: CompTIA Cloud Essentials+ Certification Study Guide, Second Edition (Exam CLO-002), Chapter 5, page 131.
• 2: CompTIA Cloud Essentials+ Certification Study Guide, Second Edition (Exam CLO-002), Chapter 5, page 133.
• 3: CompTIA Cloud Essentials+ Certification Study Guide, Second Edition (Exam CLO-002), Chapter 5, page 135.
• 4: CompTIA Cloud Essentials+ Certification Study Guide, Second Edition (Exam CLO-002), Chapter 5, page 137.