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Delphi Technique

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What is the Delphi technique in risk management? How would you use the results of the Delphi technique?

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Delphi Technique in risk management

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Delphi Technique

What is the Delphi technique in risk management?

The Delphi technique gains information from experts, anonymously, about the likelihood of future events (risks) occurring. The technique eliminates bias and prevents any one expert from having undue influence on the others.

It's a common observation to say that when you get three experts together, you'll often end up with four different opinions. This is particularly the case in areas (such as resource allocation and forecasting) where the conclusion reached depends on a number of subjective assessments. ...

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