Certified in Risk and Information Systems Control (CRISC) Practice Test 2025 - Free CRISC Practice Questions and Study Guide

The Delphi risk assessment method primarily involves a structured process that relies on the collection of expert opinions through multiple rounds of questionnaires. Initially, experts provide their insights on potential risks, which are then summarized and shared anonymously. After reviewing the responses, experts can revise their opinions in subsequent rounds based on the aggregated feedback. This iterative process continues until a consensus is reached or the answers converge sufficiently, allowing for a more reliable assessment of risks based on collective intelligence.

The approach is particularly beneficial in situations where subjective judgments and diverse perspectives are crucial for evaluating risk, as it helps minimize bias and encourages less dominant voices to be heard. The emphasis on anonymous input fosters an open environment where experts can share their opinions freely.

This method contrasts with approaches such as direct observation of procedures or outcomes, which focus more on empirical data collection rather than expert opinion gathering. Similarly, while statistical analysis of historical data examines past trends and patterns to inform risk management, it does not involve the iterative consensus-building process that characterizes the Delphi method.