A rounded, holistic view of enterprise risk is necessary to help you compare and contrast different risk responses, as well as often making it easier to address complexities, argues Lebogang Mothopi. He says that ERM does this by prioritising and evaluating risks as part of an interdependent portfolio, rather than considering risk in an individual silo. Accordingly, he advocates the use of ISO31000 standard as reference to give the organisation a shared risk vocabulary and common processes.