Risks are part of our day-to-day life. While some industries seriously address and manage them, others deal with risks negligently or handle them using inappropriate methods.
FMEA (Failure Mode and Effect Analysis) is a tool for analyzing potential failures. It can be applied to new product development or to initiatives to improve an existing process, product or service.
In this webinar sponsored by PECB, author Bill Bentley presents FMEA and its benefits, and demonstrates how the tool can help to assess risks and analyze potential failures, allowing companies to have more efficient business operations.