Question

A structured technique for identifying risks which requires participants to rank and prioritize ideas in round-robin fashion is most closely associated with:

options:
A. Learning Cycles
B. Brainstorming
C. Nominal Group Technique
D. Delphi Technique
E. Cause-and-Effect Diagrams

Answer 1

The Nominal Group Technique is a structured method for identifying risks, where ideas are ranked and prioritized in a round-robin fashion to ensure fair participation and comprehensive risk analysis. The structured technique for identifying risks that involves participants ranking and prioritizing ideas in a round-robin fashion is known as C. Nominal Group Technique.

Step-by-step explanation:

The structured technique for identifying risks that involves participants ranking and prioritizing ideas in a round-robin fashion is known as C. Nominal Group Technique. This method brings a group of people together to discuss risks, but it structures their communication to ensure that everyone's viewpoints are heard and considered. Ideas are collected in a round-robin format, then the group votes to prioritize the most significant risks.

Option D, the Delphi Technique, is also used for risk identification; however, it relies on anonymous feedback from experts rather than a face-to-face group setting. Brainstorming, mentioned as Option B, is a more informal risk identification practice that can lead to a list of potential issues without the structured voting mechanism inherent to the Nominal Group Technique.

The use of Nominal Group Technique helps prevent the domination of the discussion by a single person and enhances the generation and collection of ideas, which can then be systematically assessed by all participants.