Failure mode effect analysis (FMEA) & Root cause analysis (RCA) | Fundamental Differentiation
Failure Mode and Effect Analysis (FMEA): A failure modes and effects analysis (FMEA) is a procedure in product development and operations management for analysis of potential failure modes within a system for classification of the severity and likelihood of the failures. A successful FMEA activity helps a team to identify potential failure modes based on past experience with similar products or processes, enabling the team to design those failures out of the system with the minimum of effort and resource expenditure, thereby reducing development time and costs. Effects analysis refers to studying the consequences of those failures.