The acceptable (by standards) range for the main voltages of a PSU is +\-5%. So for the 12V is 11.4-12.6V. The ideal is to stay as close as possible to the rated voltage. 11.9V is 1-1.5% off and it’s not all that bad.
If your sensors window has other 12V readings check them too. There is a possibility that those 11.9V readings to be just fault readings by GPU sensors.
Or you PSU might be multi 12V railed and the GPU loads heavy the one of them and you see that voltage drop.
It’s nothing really to worry about, just keep it under track.
Whats the PSU brand/model and what GPU you have?