1. Failure Mode Effect Analysis (FMEA)
Failure Mode and Effects Analysis is a risk
management and quality improvement methodology, with
the purpose of identifying the potential failure causes for
products and processes, their quantification by the
evaluation of the associated risks, the ranking of the
identified problems in relation to their importance and the
determination and application of corrective measures in
order to address the greatest concerns. FMEA is one of the
inductive methods for the evaluation of system reliability
and security (Neago, 2008).