MANAGEMENT

Detailed explanation-1: -The Delphi technique in risk management is the process of consulting field experts to predict how risky a certain action would be. Between a panel of experts and several rounds of feedback and response modification, a conclusion is reached by the panel.

Detailed explanation-2: -The Delphi technique is a well-established approach to answering a research question through the identification of a consensus view across subject experts. It allows for reflection among participants, who are able to nuance and reconsider their opinion based on the anonymised opinions of others.

Detailed explanation-3: -To combat these shortcomings, the Delphi method was developed by Project RAND during the 1950-1960s (1959) by Olaf Helmer, Norman Dalkey, and Nicholas Rescher.

Detailed explanation-4: -By using the Delphi techniques the experts was able to focus on rating, revising, and commenting on the items presented without the distractions normally associated with more traditional face to face meeting in get consensus of concept mapping and Multiple Choice Questions (MCQ).

Detailed explanation-5: -the Delphi technique for data collection, the sample size of eight participants is seen as an acceptable minimum [4].