Originating in engineering design, failure mode and effects analysis (FMEA) and the associated failure mode risk analysis (FMRA) are methodologies designed to identify potential failure modes for a product, process or system, to assess the risk associated with those failure modes, to rank the issues in terms of importance and to identify and carry out corrective actions to address the most serious concerns.
Published in Chapter:
Enterprise Cost/Benefit Risk Analysis Using FMEA
Maria Manuela Cunha (Polytechnic Institute of Cávado and Ave Higher School of Technology, Portugal) and Goran D. Putnik (University of Minho, Portugal)
Copyright: © 2008
|Pages: 8
DOI: 10.4018/978-1-59904-885-7.ch064
Abstract
A large body of knowledge covering enterprise integration architectures, modelling, and methodologies (EIAM&M) has been developed covering various types of enterprises. Most viewpoints have been either static or cycle based, with the major drivers being design and implementation of computer integrated manufacturing (CIM) plant and major engineering projects including virtual enterprises (Bernus & Nemes, 1996, p. 377- 450; Whitman & Huff, 1997; Williams, Rathwell, & Li, 2001).