Failure Mode and Effects Analysis (FMEA) is a structured approach for identifying and prioritizing potential failure modes in a system, process, or product, along with their causes and effects. This methodology helps organizations proactively mitigate risks by analyzing how failures can occur and what impact they would have on operations, thus playing a vital role in quality improvement initiatives such as Six Sigma.
congrats on reading the definition of Failure Mode and Effects Analysis. now let's actually learn it.