This forecasting method is based on the assumption that a complex problem can
be better analyzed and solved by several experts than by a single one. The
Delphi technique involves confronting ten to twenty experts with
a problem,
independently of each other, using standardized questionnaires, and
obtaining their opinions. This questioning takes place over several
rounds (usually three to four), which is why this procedure is very
time-consuming. Each
expert gives his or her assessment separately and anonymously until
a modified,
sufficiently homogeneous group opinion (Delphi judgment) emerges.
In contrast to creativity-oriented
brainstorming, the
Delphi method focuses on the reduction of an individual opinion to
a group assessment.
(Source: Mehrmann/Wirtz, Gabler Management, GPM)