Failure Mode and Effects Analysis (FMEA)

FMEA (failure mode and effective analysis) is a procedural approach for knowledge collection regarding points of failure in a product, service, design, or manufacturing process. FMEA can benefit your business include a reduction in potential failures and savings of lives and excessive costs. Organizations are wise to use this strategy to prevent catastrophes and save valuable resources.
Failure mode is a precaution of anything that may have a chance of breaking down. This includes potential errors or errors that may affect customers. It will also identify and gain a better understanding of the potential failure modes and their causes. This allows the team to prioritize issues and evaluate risks then coming up with a solution.
You may need to consider the following questions:
What could go wrong?
Why would the failure happen?
What would be the consequences of each failure?
Once failure modes are completed the team can continue with Effects Analysis. This is when they can study the consequences of those failures.