Citation:
Failure Modes and Effects Analysis (FMEA) is a systematic method for evaluating processes to identify where and how they might fail and assessing the relative impact of different failures. It connects deeply with risk management by allowing teams to prioritize potential failures based on their severity, occurrence, and detectability, thus improving product reliability and safety. By analyzing these potential failures, FMEA aids in proactive decision-making during the design and operational phases of a system.