According to the CompTIA Cloud Essentials objectives and documents, SaaS, or Software as a Service, is the best option for describing a cloud-hosted application in which the end user only creates user access and configures options. SaaS is a cloud service model that delivers and manages software applications over the internet, without requiring the end user to install, update, or maintain any software or hardware on their own devices. SaaS applications are typically accessed through a web browser or a mobile app, and the end user only pays for the usage or subscription of the service. SaaS providers are responsible for the infrastructure, platform, security, and maintenance of the software applications, and the end user only needs to create user access and configure options according to their preferences and needs. SaaS applications are usually designed for specific purposes or functions, such as email, collaboration, CRM, ERP, or accounting.

The other service models are not as suitable for describing a cloud-hosted application in which the end user only creates user access and configures options. MaaS, or Monitoring as a Service, is a type of cloud service that provides monitoring and management of cloud resources and services, such as performance, availability, security, or compliance. MaaS is not a cloud-hosted application, but rather a cloud service that supports other cloud applications. PaaS, or Platform as a Service, is a cloud service model that delivers and manages the hardware and software resources to develop, test, and deploy applications through the cloud. PaaS provides the end user with a cloud-based platform that includes the operating system, middleware, runtime, database, and other tools and services. PaaS providers are responsible for the infrastructure, security, and maintenance of the platform, and the end user only needs to write and manage the code and data of their applications. PaaS applications are usually customized and developed by the end user, rather than provided by the cloud service provider. IaaS, or Infrastructure as a Service, is a cloud service model that delivers and manages the basic computing resources, such as servers, storage, networking, and virtualization, over the internet. IaaS provides the end user with a cloud-based infrastructure that can be used to run any software or application. IaaS providers are responsible for the hardware, security, and maintenance of the infrastructure, and the end user is responsible for the operating system, middleware, runtime, database, and applications. IaaS applications are usually more complex and require more configuration and management by the end user, rather than by the cloud service provider.

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.

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.

https://www.comptia.org/training/books/cloud-essentials-clo-002-study-guide

https://books.google.com/books/about/CompTIA_Cloud_Essentials+_Certification.html?id=S2TNDwAAQBAJ