Risk Analysis using Delphi Technique
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| Risk Categories, Photo credits: Fonna Seidu |
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| Risk response Photo credits: Fonna Seidu |
Delphi technique is a structured communication technique
- Project manager will identify the Delphi team
- Delphi team might be located in different geographical regions
Class Practice
- Individuals identify the risk in a project
- Use a sticky note to enter one risk per head
- Risk Analyst will categorize the risks
- Based on the new enlightened view of the risks, use another sticky and come up with a risk response
Categorised Risks
Risk Response based on categorized Risks
Benefits
- Identify Blindspot in a project
- Avoids group thinking
- Inputs from subject matter experts from different geographical areas
- Avoids in-person meetings
Demerits
- Delphi technique consumes a lot of time
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