Qualitative Risk Assessment Methodology
Set of methods, principles, or rules for assessing risk based on non-numerical categories or levels
Sample Usage: The qualitative risk assessment methodology allows for categories of ―low risk,‖ ―medium risk,‖ and ―high risk.
Source: DHS Risk Lexicon, U.S. Department of Homeland Security, 2010 Edition. September 2010 Regulatory Guidance