Failure Mode and Effects Analysis (FMEA) is a systematic approach originating from the manufacturing industry, now valuable in project management for identifying and analyzing potential failures. The process involves assigning unique IDs, outlining functions, identifying failure modes, causes, impacts, and assessing severity, probability, and detection ease. This results in a risk priority number (RPN) to prioritize risks. FMEA is akin to a risk register but focuses on system failures, offering a structured way to manage project threats.

What is the primary industry from which FMEA originated?

• Information Technology

• Healthcare

• Finance

• Manufacturing

In an FMEA worksheet, what is the first step in the process?

• Outlining mitigation actions

• Identifying potential impacts

• Assigning a unique reference number

• Determining the risk priority number

What does FMEA stand for?

• Fault Mode and Evaluation Assessment

• Failure Mode and Effects Analysis

• Failure Management and Evaluation Analysis

• Fault Management and Effects Assessment

How is the probability of a failure mode often represented in FMEA?

• As a percentage

• As a frequency

• As a severity score

• As a risk priority number

What three factors are combined to determine the risk level in FMEA?

• Severity, probability, and ease of detection

• Severity, impact, and cost

• Impact, frequency, and cost

• Probability, impact, and ease of implementation

What is a key similarity between FMEA and a risk register?

• Both are used to track project timelines

• Both involve assessing potential failures

• Both are used exclusively in manufacturing

• Both focus on financial risks

What additional information can be added to an FMEA to track responsibilities?

• Stakeholder feedback

• Project timelines

• Financial budgets

• Mitigation actions