What name is given to a risk-analysis method that uses relative ranking to provide further definition of the identified risks in order to determine responses to them?

Answer: Qualitative Risk Analysis

Explanation:

Qualitative Risk Analysis is the technique through which measures the amount of risk related wit any problematic and hazardous situation.

Evaluation of risk and danger is further processed in uncertain situations. Probability of occurrence of risk, different outcomes of unexpected situation or event, significant result etc is assessed through this method. Risk is prioritized according to the evaluation extracted from qualitative risk analysis.