What it means
ERM takes a portfolio view: rather than each function managing its own risks in isolation, exposures are aggregated so that leadership can see concentration, interaction and total position. COSO ERM and ISO 31000 are the reference models.
Aggregation is the hard part. It requires consistent definitions across functions that do not naturally share language, and a reporting rhythm that survives a busy quarter.
Where MyRISK fits
What we do about it
Consistent definitions held once and reused is what MyRISK Core does. For organisations that are not ready for that — where the practical need is one current picture and a rhythm that holds — Essentials is the smaller first step, and it is usually the right one.
Is this the thing you are actually trying to fix?
A definition rarely settles it. Tell us what happened — the request, the finding, the challenge or the incident — and we will say where to start, or that it isn't us.