An FMEA uses three criteria to assess a problem: 1) the severity of the effect on the customer, 2) how frequently the problem is likely to occur, and 3) how easily the problem can be detected.

FMEA is a process for analysis of potential failure modes within a design, process, or product, classified by severity or determination of the effect of failures on the system. Widely used in ...

Dealing with risks associated with failure modes in projects and processes is part of normal business activity. However, when is a risk acceptable? By evaluating the impact and likelihood of the ...