Failure Mode & Effects Analysis (FMEA)
One of the most important factors for the successful implementation of an FMEA program is timeliness. It is meant to be a "before-the-event" action, not an "after-the-fact" exercise. To achieve greatest value, the FMEA must be done before a product or process failure mode has been incorporated into a product or process. Up-front time spent properly completing an FMEA, when product/process changes can be most easily and inexpensively implemented, will minimize late change crises. An FMEA can reduce or eliminate the chance of implementing a preventive/corrective change that would create even large concerns