Failure Modes and Effects Analysis (FMEA)

A methodology for the assessment of ‘risk', which is a combination of likelihood and consequences of failure. The goal is to provide a useful analysis technique that can be used to assess the potential for, or likelihood of, failure of structures, equipment or processes, and the effects of such failures on the larger systems of which they form a part, and on the surrounding ecosystem, including human health and safety. FMEA provides evaluators with the ability to perform a systematic and comprehensive evaluation of potential failure modes of the design/plan in order to identify the potential hazards.

(Adapted from:  Roberston GeoConsultants Inc. https://www.rgc.ca/?page=page&id=99)