MULTIVOTING

What Is It

Multivoting is a general voting method used to select the most important items from a list. Selecting the number of votes to be used depends on the number of items on the list. In risk management, each participant is given a number of votes to choose the top risks in the list according to them. A general rule of thumb is to allow participant votes equal to one-third the number of items on the list. For a large number of items, a series of votes is used to reduce the list to a workable number.

When To Use

Use this method

• To select the most important items (risks) from a list.
• To poll a group's (not individual's) position or preference.
• When there is no need for degree of preference. Risk A is ranked higher than B. How much more important is A does not matter.

Benefits

The method

• Is easy and quick to apply.
• Reduces the list of risks to focus resources to.