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DELPHI TECHNIQUE:

DELPHI TECHNIQUE Presented by: Pulkit Seth Pranali Wagal Prashant Singh Puneet Swaroop

INTRODUCTION:

INTRODUCTION Developed by Rand Corporations U.S.A in 1950 First used to predict damage by bombing on U.S.A Originally developed as a forecasting tool Method of achieving consensus Now used in many disciplines such as business forecasting, political parties, etc. 6/28/2013 1 THE DELPHI TECHNIQUE

ABOUT THE TECHNIQUE:

ABOUT THE TECHNIQUE An “organized method” for collecting views and information pertaining to a specific area . Clearly differentiate between theory and reality. General process of having experts formulate solutions to problems through several cycles of revision based on each other's feedback. The end result is a better solution. 6/28/2013 2 THE DELPHI TECHNIQUE

THE PROCESS:

THE PROCESS 6/28/2013 3 THE DELPHI TECHNIQUE

ADVANTAGES:

ADVANTAGES Versatility Government planning, business and industry predictions Cuts expenses Protects participants anonymity 6/28/2013 4 THE DELPHI TECHNIQUE

DISADVANTAGES:

DISADVANTAGES Time consuming. Ineffective when fast answers are needed. People might benefit from others' ideas. Excessive study must be given to every idea. Lot of dependence on facilitator. 6/28/2013 5 THE DELPHI TECHNIQUE

FUTURE :

FUTURE Computers replacing panelists. Computers simplifying decision making. Will still be viable in predictions. 6/28/2013 6 THE DELPHI TECHNIQUE

PowerPoint Presentation:

THANK YOU 6/28/2013 7 THE DELPHI TECHNIQUE

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