Risk Analysis

Risk Analysis Services

Failure Modes and Effects (and Criticality) Analysis

What is FMEA and FMECA?

A Failure Mode and Effects Analysis (FMEA) is a systematic method to identify and rank all potential design failures. By reconsidering design parts associated with identified failures, developers increase the reliability of the system. Failure Mode, Effects and Criticality Analysis (FMECA) is an extension of FMEA that evaluates and ranks critical failure modes for mission success or potential harm.

FMEA and FMECA are particularly valuable for systems that require assurance of intended operation from the first design iteration. Often FMEA or FMECA are mandatory for a product to comply with regulatory or client requirements.

Systematic Risk Assessment Services

Our asset-based risk assessment services analyse and quantify system failure modes through a rigorous and highly structured approach. In turn, having an accurate assessment can bring a plethora of benefits:

Cost reduction

Identifying and mitigating risks early in the design or production phases can lead to time and cost savings by preventing expensive rework, warranty claims, and product recalls.

Improved product quality

Systematic identification and addressing of potential failure modes contribute to enhanced product quality, reliability, and performance, leading to greater customer satisfaction.

Risk mitigation

FMEA/FMECA analysis helps identify and mitigate potential risks and failure modes, reducing the likelihood of costly failures and accidents.

Compliance Assurance

We ensure compliance with industry-specific regulations and standards, reducing the risk of regulatory fines or legal liabilities.

Complexities of Effective Risk Assessment

Modern engineering solutions face a multitude of challenges when it comes to product development, operational efficiency, and safety. Organisations often struggle with the intricacies of effective and timely identification, analysis, and mitigation of risks which can lead to a multitude of problems:

Costly failures

Unidentified failure modes can lead to unreliable performance and design rework which in turn significantly increases the costs in terms of both time and money.

Poor quality

Products or processes lacking proper risk assessment and mitigation can suffer from decreased reliability and reduced overall performance.

Reactive problem-solving

No systematic risk analysis approach means that more problems are solved reactively when issues arise which is less effective, more time-consuming, and costly compared to proactive risk management.

Regulatory Non-Compliance

Failure to conduct FMEA or FMECA can result in non-compliance with industry-specific regulations, leading to fines, legal issues, or the inability to operate in certain markets.

Deep Dive into Our Risk Analysis Services

Depending on your needs, we offer varying levels of engagement: from a light-touch review to a full in-depth analysis and modelling. Here’s a high-level overview of the key aspects that define our risk analysis services:

	Analysis	Modelling	Reporting
FMEA/FMECA analysis at specified focus levels
Failure Mode risk ranking based on Action Priority/Risk Priority
Risk mitigation strategy ranking based on Severity, Occurrence and Detectability
Model-based structural and failure chain analysis
Hardware-Software Interaction Analysis (HSIA)
FMEA for Monitoring and System Response (FMEA-MSR)
Tailored FMEA/FMECA reports and artefacts compliant with industry-specific regulations and standards
Specification of requirements for FDIR strategies
Analysis artefacts (models, spreadsheets, reports) in industry standard and open formats
Consistent use of system design and failure chain element taxonomies and ontologies
Compliance with international and industry standards

What to Expect: FMEA/FMECA Deliverables

Our risk assessment services come with a selection of deliverables to ensure your success:

	Table	Model	Report
FMEA/FMECA analysis report
System architectural decomposition
Ranked list of Failure Modes
Recommendations for addressing faults
HSIA report
FMEA-MSR report

Mitigate Your Risks Today

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Contact us today to discuss your specific needs and learn how our risk assessment services can elevate your operations to new heights.