Failure Mode and Effect Analysis (FMEA) in Project Management?
No one wants a defective product. Defects are costly, frustrating, and damaging to the company’s reputation.
As a project manager, you will try to avoid failure in your deliverable using every possible technique. One is “Failure Mode and Effect Analysis,” or FMEA. This helps you locate potential issues with a product and allows you to take corrective action.
The FMEA can improve your systems, design processes, and production processes.
This technique is also known as “Failure Modes Effects and Criticality Analysis” (FMECA) or sometimes simply “failure modes.”