Strategic Management Quarterly

Effective FMEA Analysis or Not?!
Kouroush Jenab, Sam Khoury, Samuel Rodriguez

Abstract
Fuzzy failure mode and effects analysis (FMEA) is a means for identifying risk and opportunities and prioritizing them in order of importance in which solutions can then be implemented. This process leads itself to the creation of quantitative analysis that reveals future events so that actions can be taken to prevent failure or to minimize impacts to the system under development. Once the appropriate subject matter expert FMEA team completes their investigation, the Root Cause and Corrective Action process can proceed because the FMEA process has provided measurable data that highlights the areas where corrective action is to focus. When properly applied this process facilitates a closed loop course by which issues are identified and their risk is weighed with the results leading to the elimination of key contributing factors.

Full Text: PDF     DOI: 10.15640/smq.v3n2a2