Failure Mode and Effects Analysis (FMEA)
Failure Mode and Effects Analysis (FMEA) is a risk management tool used to identify potential risks and prioritize them based on their severity and likelihood of occurrence.
At a very high level, the Failure Mode and Effects Analysis (FMEA) is used in the context of business, risk management.
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- Partner Selection Matrix
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- People Capability Maturity Matrix
- Perception-Positioning Matrix
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- Skill-Will Matrix
- Skills Assessment-Development Matrix
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- SWOT Analysis Matrix for Marketing
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- Test Matrix
- The 7 Habits of Highly Effective People
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- Transition Capability-Value Matrix
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- User Experience Matrix
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- Vendor Evaluation Matrix
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- Vendor Risk Matrix
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- Viral Marketing Matrix
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- Website Traffic-Conversion Matrix
- Work Breakdown Structure (WBS)
- Workforce Capability Development-Performance Alignment Matrix
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- Workforce Capability-Performance Matrix
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- Workforce Development-Performance Alignment Matrix
- Workforce Development-Value Matrix
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- Workforce Performance-Value Chain Alignment Matrix
- Workforce Performance-Value Proposition-Value Chain Alignment Matrix
- Workforce Performance-Value Stream Alignment Matrix
- Workforce Skill Development Matrix
- YouTube Marketing Matrix
What is the Failure Mode and Effects Analysis (FMEA)?
A visual explanation is shown in the image above. The Failure Mode and Effects Analysis (FMEA) can be described as a matrix with the following quadrants:
- Potential Failure Modes: List of potential failure modes, e.g. 'Component breaks after repeated use'
- Potential Effects: List of potential effects of the failure mode, e.g. 'Product becomes unusable'
- Potential Causes: List of potential causes of the failure mode, e.g. 'Inadequate testing'
- Potential Corrective Actions: List of potential corrective actions to prevent or reduce the likelihood of the failure mode, e.g. 'Increase testing frequency'
What is the purpose of the Failure Mode and Effects Analysis (FMEA)?
Failure Mode and Effects Analysis (FMEA) is a risk management tool used to identify potential risks and prioritize them based on their severity and likelihood of occurrence. It is commonly used in product development, engineering, and manufacturing processes, but can be applied to any process or system. FMEA is a systematic approach to identifying potential risks and their impacts, and is used to plan and implement preventive measures to reduce the likelihood of failure.
The FMEA matrix is a 2x2 matrix with four quadrants. The top-left quadrant is used to list potential failure modes, the top-right quadrant is used to list the potential effects of the failure mode, the bottom-left quadrant is used to list the potential causes of the failure mode, and the bottom-right quadrant is used to list the potential corrective actions to prevent or reduce the likelihood of the failure mode.
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What templates are related to Failure Mode and Effects Analysis (FMEA)?
The following templates can also be categorized as business, risk management and are therefore related to Failure Mode and Effects Analysis (FMEA): Product-Market Matrix, 4 Ps Marketing Mix Matrix, AI Capability-Value Proposition Alignment Matrix, AI Innovation-Value Alignment Matrix, AI Maturity Matrix, AI-Value Proposition Alignment Matrix, AI-Value Proposition Matrix, AIDA Marketing Matrix. You can browse them using the menu above.
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