A failure modes and effect analysis (FMEA) is a reliable tool for improving products and processes while reducing engineering workload. A good FMEA can also improve machine and resource availability by identifying, analyzing, and improving high-risk components. However, an FMEA's value is often overlooked due to misconceptions about the process and a lack of structure.

Often, FMEAs are grouped with other required documentation and performed retrospectively to meet customer requirements or prepare for audits. Performing an FMEA in this way only adds cost to a project and perpetuates the misconception that these studies are not value-added activities.

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