Certified Government Financial Manager (CGFM) 2026 – 400 Free Practice Questions to Pass the Exam

The Delphi method is a forecasting technique that is particularly effective in gathering informed input and achieving consensus among a group of experts. This method is characterized by a structured process where experts provide their opinions anonymously in several rounds of questioning. After each round, a facilitator summarizes the group’s feedback and shares it with the participants. This iterative process allows experts to reconsider their views in light of the responses from others, often leading to a convergence of opinion toward a more accurate and reliable forecast.

The strengths of the Delphi method include its ability to tap into the wisdom of diverse experts while minimizing the influence of dominant individuals who might skew results. It is extensively used in fields such as public policy, healthcare, technology forecasting, and many others where expert knowledge is crucial for making informed predictions.

In contrast, focus groups involve moderated discussions among participants, which may not ensure the same level of anonymity or systematic feedback as the Delphi method. Surveys gather a broader range of quantitative data but do not always facilitate deep expert analysis. Finally, SWOT analysis is a strategic planning tool that evaluates strengths, weaknesses, opportunities, and threats rather than focusing on gathering expert consensus. Thus, the Delphi method stands out as the correct choice for the technique that emphasizes expert input and consensus.