Delphi technique

Definition

A systematic forecasting method that involves structured interaction among a group of experts on a subject. The Delphi Technique typically includes at least two rounds of experts answering questions and giving justification for their answers, providing the opportunity between rounds for changes and revisions. The multiple rounds, which are stopped after a pre-defined criterion is reached, enable the group of experts to arrive at a consensus forecast on the subject being discussed.

Use Delphi technique in a sentence

  • The delphi technique fostered an open air of ideas exchanging and being analyzing and critically thought about for the benefit of all.

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  • You should try to use a delphi technique when you are about to make a very big decision in your company.

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  • I did not like the delphi technique because I knew that it required me to break my comfort zone and talk to other people.

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