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 their effects on the overall system. By analyzing these factors, teams can prioritize risks and focus on areas that need improvement. The FMEA process typically involves a cross-functional team that assesses each component or step in a system. They assign a risk priority number (RPN) based on the severity, occurrence, and detection of each failure mode. This helps organizations implement corrective actions to enhance reliability and safety.