Failure Mode and Effect Analysis (FMEA)

‘Failure Mode and Effect Analysis’ (FMEA) is a structured risk analysis method that is used to identify potential failure modes in processes, products or services and to plan actions so that the negative effects will be minimized. It was one of the first systematic techniques of failure analysis. The FMEA is sometimes called PFMEA, meaning process-FMEA. In today’s competitive, modern workplace, Lean Six Sigma expertise can sepa-rate those students from their peers who lack this valuable skill set.