Failure Mode and Effects Analysis (FMEA) is a systematic approach used to identify potential failures in a product or process. It evaluates the ways in which these failures can occur, their causes, and the potential effects on the overall system. By prioritizing risks based on their severity, occurrence, and detectability, teams can focus on the most critical issues. FMEA is commonly used in various industries, including manufacturing, healthcare, and automotive, to improve quality and reliability. This proactive tool helps organizations implement corrective actions before failures happen, ultimately enhancing safety and performance while reducing costs associated with failures.