Key Points FMEA is a great fit for analyzing any IT projects you might have in progress. When combined with your organization ...

FMEA is a structured approach used to identify ways in which a product or process can fail, estimate risk associated with specific causes, and prioritize actions that should be taken to reduce risk.

Participants must set and agree on a ranking between 1 and 10 (1 = low, 10 = high) for the severity, occurrence, and detection level for each of the failure modes. Although FMEA is a qualitative ...