Intrapreneurship
Failure Mode and Effects Analysis (FMEA) is a systematic method used to evaluate potential failure modes in a product or process, identify their causes and effects, and prioritize them based on their impact. This technique plays a crucial role in risk assessment and mitigation by allowing teams to proactively address potential issues before they occur, enhancing safety and reliability. By categorizing risks and prioritizing them, organizations can allocate resources more effectively to minimize negative outcomes.
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