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What is "failure mode and effects analysis" (FMEA) used for?

A reactive measure to eliminate errors
A proactive tool to identify potential failure points
A method for training employees
A process for measuring financial success

The correct answer is: A proactive tool to identify potential failure points

Failure Mode and Effects Analysis (FMEA) is primarily a proactive tool utilized to identify potential failure points within a system, process, or product before they occur. The main goal of FMEA is to assess the different ways that a system or process could fail, the effects of those failures, and the associated risks. By identifying these potential failure modes early, organizations can take preventive measures to eliminate or mitigate the risks, thereby enhancing the reliability and safety of their operations. FMEA involves systematically analyzing components, systems, or processes for possible failure modes, determining the effects of those failures, and prioritizing the risks based on their impact and likelihood. This forward-thinking approach allows teams to proactively implement corrective actions prior to any failures actually happening, making it crucial for continuous improvement and risk management initiatives.