Complete Guide: Delphi Technique

What is the Delphi Technique?
The Delphi Technique is a structured communication method, traditionally used in forecasting. It involves a panel of experts who anonymously answer questionnaires round by round and get feedback of aggregated responses after each round.

Why is it important?
The importance of the Delphi Technique lies in its ability to provide a platform for experts to exchange ideas and reach a consensus in a controlled yet democratic manner. It eliminates the influence of dominant individuals and biases.

How it works?
Initially, a problem or question is posed to each expert, who initially responds independently. These responses are analyzed and common themes are determined, which are then posed to the experts in the next round. This process repeats until consensus is reached.

Exam Tips: Answering Questions on Delphi Technique
1. Understanding the Concept: Ensure you understand the core principles of the Delphi technique - anonymity, iteration, controlled feedback, and statistical group response.
2. Application: Be prepared to answer how to apply Delphi Technique in different fields like project management, education, public policy, etc.
3. Advantages and Disadvantages: Understand the pros and cons of the application of the Delphi Technique.
4. Case Studies and Examples: Use case studies and real-life examples to showcase the practical application of the Delphi Technique.