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ASSET MANAGEMENT STRATEGY
ASSET MANAGEMENT STRATEGY

FMEA risk identification tool

FMEA analysis or Failure modes and effects analysis is a tool for analyzing potential errors and their consequences. The method is widely used in assessing the quality of processes and products and is designed to identify potential defects, their causes and consequences for the end user.

FMEA analysis can be performed not only for individual structures, but also for production processes, the functioning of the system as a whole, as well as each part separately.

FMEA analysis is considered as an effective method to reduce risks, which is especially true in the production of products that have special safety requirements. Therefore, it was first used in the US defense and aerospace industries.

The Smart EAM system implements a module for performing FMEA analysis to manage production quality.

The FMEA method of analysis is successfully used in many companies due to its simplicity and efficiency. Reducing defects, losses due to failures, improving quality – all this proves the undeniable usefulness of FMEA-analysis.