Failure Mode and Effects Analysis, or FMEA, is a systematic approach used to identify potential failures in a product or process. It helps teams analyze what could go wrong, how it might happen, and the consequences of those failures. By prioritizing risks based on their severity, occurrence, and detectability, organizations can focus on the most critical issues. FMEA is commonly used in various industries, including manufacturing, healthcare, and automotive, to improve quality and reliability. The process involves brainstorming potential failure modes, assessing their impact, and developing strategies to mitigate risks, ultimately enhancing safety and performance.