Definition(s)
Semi-quantitative Risk Assessment Methodology
Set of methods, principles, or rules to assess risk that uses bins, scales, or representative numbers whose values and meanings are not maintained in other contexts
Sample Usage: By giving the “low risk, “medium risk,” and “high risk” categories corresponding numerical values, the assessor used a semi-quantitative risk assessment methodology.
Annotation: While numbers may be used in a semi-quantitative methodology, the values are not applicable outside of the methodology, and numerical results from one methodology cannot be compared with those from other methodologies.
Source: DHS Risk Lexicon, U.S. Department of Homeland Security, 2010 Edition. September 2010 Regulatory Guidance