Failure mode and effects analysis

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Failure mode and effects analysis (FMEA) is a methodical approach to risk analysis that calculates the combined impact of the probability of a particular failure, the effects of that failure, and the probability that the failure can be detected and corrected, thereby establishing a priority ranking for designing in failure prevention countermeasures.

Definition

According to Juran's Quality Handbook by Defeo (7th edition),

Failure mode and effects analysis (FMEA). A methodical approach to risk analysis that calculates the combined impact of the probability of a particular failure, the effects of that failure, and the probability that the failure can be detected and corrected, thereby establishing a priority ranking for designing in failure prevention countermeasures.