FMEA Matrix

The FMEA Matrix is a tool used to identify potential risks and prioritize corrective action. It is used to analyze the potential failure of a process, product, or service and identify the most effective corrective action.

At a very high level, the FMEA Matrix is used in the context of business, risk management.

Want to try this template?
Other Templates

What is the FMEA Matrix?

A visual explanation is shown in the image above. The FMEA Matrix can be described as a matrix with the following quadrants:

  1. Failure Modes: List potential failure modes, e.g. incorrect assembly
  2. Causes of Failure: List potential causes of failure, e.g. incorrect parts
  3. Effects of Failure: List potential effects of failure, e.g. customer dissatisfaction
  4. Corrective Actions: List potential corrective actions, e.g. improved training

What is the purpose of the FMEA Matrix?

The FMEA Matrix is a tool used to identify potential risks and prioritize corrective action. It is used to analyze the potential failure of a process, product, or service and identify the most effective corrective action. The FMEA Matrix is composed of four quadrants, each with a specific purpose. The top-left quadrant is used to list potential failure modes, the top-right quadrant is used to list potential causes of failure, the bottom-left quadrant is used to list potential effects of failure, and the bottom-right quadrant is used to list potential corrective actions.

The FMEA Matrix is a useful tool for risk management, as it allows teams to identify potential risks and prioritize corrective action. It can also be used to identify areas of improvement, as well as to track the progress of corrective action. Additionally, the FMEA Matrix can be used to identify areas of potential cost savings.


Want to try this template?

What templates are related to FMEA Matrix?

The following templates can also be categorized as business, risk management and are therefore related to FMEA Matrix: 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.

How can I use FMEA Matrix in Priority Matrix?

You can get FMEA Matrix in your Priority Matrix in just a moment:

  1. Click to sign in or create an account in the system
  2. Start adding your items to the matrix
  3. If you prefer it, download Priority Matrix and take your data with you

Learn more about FMEA Matrix, and get free access to lots of other templates, at templates.app. Once you are comfortable with the document, you can easily export to Excel, if you prefer to work that way.

If you have any questions and you can't find the answer in our knowledge base, don't hesitate to contact us for help.