What is the typical output of the Delphi Estimation process?

The typical output of the Delphi Estimation process is a consensus forecast. This method is designed to gather expert opinions and converge on a collective judgment regarding uncertain future events. Through a series of rounds in which experts provide their estimates anonymously, the Delphi technique facilitates communication and reduces the influence of dominant individuals in the group, leading to a more reliable consensus. The final output reflects a well-rounded forecast based on the insights and analyses of multiple experts, which can inform planning and decision-making.

Utilizing a consensus forecast is particularly valuable in contexts where uncertainty is high and the input of qualified individuals is critical to achieving an accurate projection. The approach focuses on the shared agreement among experts rather than a detailed breakdown of budgetary components, risk assessments, or scheduling timelines. These aspects may be informed by the consensus, but they are not the immediate or direct outcomes of the Delphi Estimation process.