What does FMEA stand for?

FMEA stands for Failure Modes and Effects Analysis. This structured approach is utilized to identify potential failure modes in a system, process, or product and assess their impacts on overall performance. The primary goal of FMEA is to prioritize risks associated with these failures, allowing teams to focus on the most critical issues that could affect quality, safety, or operational efficiency.

In FMEA, each potential failure mode is evaluated based on its severity, occurrence, and detectability, which helps organizations recognize which failures need proactive measures to mitigate their risk. This systematic methodology is particularly valuable in various industries for continuous improvement initiatives, aligning well with the principles of Six Sigma, where the aim is to enhance processes and reduce defects.

The other options refer to terms or concepts that do not accurately define FMEA. Understanding the correct definition and application of FMEA is crucial for effective risk management and quality improvement strategies in any organization striving for operational excellence.