Failure Mode and Effects Analysis (FMEA) is a systematic, proactive method for evaluating a process to identify where and how it might fail and to assess the relative impact of different failures, in order to identify the parts of the process that are most in need of change. FMEA is used by organizations to anticipate potential problems, reduce the likelihood of those problems occurring, and prioritize the corrective actions that need to be taken. A FMEA example would be a company looking to improve the quality of its products. The company would first identify all the potential failure modes, such as design flaws, manufacturing defects, and improper installation. Then, the company would analyze the effects of each failure mode, such as customer dissatisfaction, increased warranty costs, and decreased market share. Finally, the company would rank the failure modes according to their severity and prioritize corrective actions accordingly. By doing this, the company can reduce the risk of product failure and improve customer satisfaction.