The Delphi Method is primarily used for?

The Delphi Method is primarily used for forecasting by gathering expert opinions. This iterative process involves a panel of experts who respond to questionnaires in multiple rounds. After each round, a facilitator summarizes the group's feedback and shares it with the participants, who can then reconsider their earlier opinions in light of the group's responses. This method is particularly valuable in situations where precise data may be lacking, making it a preferred approach for predicting future trends or events based on the collective insights of knowledgeable individuals.

In contrast, the other options do not capture the essence of the Delphi Method. Conducting market research typically involves collecting data directly from consumers rather than relying on expert opinion panels. Standardizing job descriptions is a human resources function aimed at ensuring a consistent understanding of roles and responsibilities across an organization, which does not involve expert consensus. Monitoring employee performance generally relates to evaluation methods and metrics, rather than the collective forecasting approach utilized in the Delphi Method.