Examples of how businesses can use the Delphi technique
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The Delphi technique is a group communication method where a panel of experts arrive at a consensus over a series of questions and discussions. It is used for estimating or forecasting. ... Then the question and discussion rounds begin, and usually end by the third or fourth round.
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Explanation:
The Delphi Technique
Ever heard the expression 'Two heads are better than one'? It another way of saying that usually people come up with better solutions to problems if they have other people to collaborate with and bounce ideas off of.
Well, if two heads are better than one, a panel of experts is truly great! The Delphi technique, also known as the Delphi method or Delphi forecasting, is a forecasting or estimating method based on a discussion by a group of experts.
The technique consists of several rounds of individual and anonymous questions to each expert, followed by a group discussion after every round. The latter allows participants to reflect and adjust their opinions. The process is usually repeated until a consensus is achieved, usually ending with three or four iterations.