What does FMEA stand for?

FMEA stands for Failure Mode Effect Analysis. This methodology is essential in risk management and process safety, as it allows organizations to systematically evaluate potential failure modes of a product or process. By identifying how failures can occur and the consequences of those failures, FMEA helps prioritize risks based on their severity, frequency, and detectability.

This structured approach is particularly valuable in industries where safety is paramount, such as manufacturing and chemical processing, as it enables teams to proactively address potential issues before they lead to accidents or failures. The focus on failure modes along with their effects makes this analysis an effective tool for enhancing safety and reliability in the operational process.

The other options mentioned do not accurately represent the established terminology related to this analysis. Function Mode Effect Analysis and Fault Mode Effect Assessment do not convey the correct concept, and Failure Management Evaluation Approach is not a recognized methodology within the context of process safety management.