FMEA- All possible failures in a design or a process or even a product can be detected using a smart approach called the FMEA or Failure Mode and Effect Analysis. Using the FMEA approach, one can document the current knowledge and actions about the risk and failures and use it for continuous improvement. Almost all the big companies use FMEA to assess and prevent risks. Ford applied the same approach to processes (PFMEA) to consider potential process induced failures prior to launching production. FMEA prioritizes the seriousness of a risk based on its consequences, the frequency of their occurrence,and their detectability. The main goal here is to take actions to eliminate or reduce failures, starting with the ones at the highest-priority. FMEA is used during design to prevent failures. It is also used for control, before and during ongoing operation of the process.
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