Failure Mode Effects Analysis (FMEA) is a systematic approach used to identify potential failures in a product or process. It evaluates the effects of these failures on system performance, helping teams prioritize risks based on their severity, occurrence, and detectability. This proactive method aims to improve reliability and safety by addressing issues before they occur. The FMEA process typically involves assembling a cross-functional team to brainstorm possible failure modes. Each mode is analyzed to determine its impact, leading to the development of action plans that mitigate risks. This structured analysis is widely used in industries like manufacturing, automotive, and healthcare.