Manligues, Vianca R.

Assignment 1
CBET-17-603P March 30, 2022

Narrative Report

Risk is an inherent part of life and it is also an inevitable part of the business.
Risk is usually associated with the possibility of things that could go wrong, events
turning out differently than expected, or something unpleasant happening particularly in
the workplace.  Therefore, risk exists whenever a future outcome or event cannot be
foreseen with certainty, and a variety of distinct outcomes or events might occur.

Companies are developing risk management plans in order to be prepared to

cope with various types of risk that have a significant impact on the level of employees
and the organization as whole. These risks have proven to be a significant hindrance,
which is why risk management must be planned as soon as possible. By creating a risk
management plan, we need to consider these elements in order to attain corporate
goals and growth of the organization in terms of employee health, safety, and security,
as well as the organization's. It necessitates the use of a better approach in order to
fully understand such risks and develop an operational structure or framework to handle
such risk.

The primary responsibility of businesses is to ensure the health, safety, and

security of its employees. They must create a health and safety process to ensure that
handling and lifting is achieved correctly and safely in the workplace. Assuring that all
necessary materials and equipment are handled, stored, and used safely. Businesses
must be aware of any potential hazards and risks, as well as ways to reduce their
liability in the event of an accident.