The facilitator then shares the first set of questions through a broad and comprehensive questionnaire.The experts should be then informed on the selected topic so that they have sufficient time to gather needful points that they can share with the larger group and facilitator. The third step involves a decision on the selection of a problem statement.The subject matter expert is regarded as an individual who has the required acumen and knowledge to solve problems.The panel may include customer or domain experts or subject matter experts working in the industry. Once a facilitator is decided, the second step involves the selection of the expert panel.This involves the selection of a neutral person who remains unbiased throughout the process. The first step involves the selection and choosing of a facilitator.How does this Delphi Method Forecast Work? The method was first tested in a cold war wherein it was used to forecast the impact of technology on warfare.The process remains anonymous and the experts can share feedback without any discretions.It can happen across geographies and involves the collection of streamlined and structured information.This is regarded as an exploratory and detailed procedure.The process helps in getting towards a mutual agreement towards a common solution or answer.The name Delphi is derived from the Greek name oracle of Delphi.The founding members were part of Rand Corporation.The method was first introduced in the year 1950.The method was ideated by Olaf Helmer and Norman Dalkey.
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The Delphi Method can be termed as a framework for forecasting process wherein the main objective of the process is to arrive at a group consensus and involves filling up questionnaires to be filled by chosen experts.