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FMERA - Failure Modes, Effects, and (Financial) Risk Analysis
ISSN: 0148-7191, e-ISSN: 2688-3627
Published March 05, 2001 by SAE International in United States
Annotation ability available
Event: SAE 2001 World Congress
Continuous Improvement activities are often based on a list of top concerns, such as highest RPN (Risk Priority Number) on the PFMEA (Process Failure Modes and Effects Analysis), warranty items, or scrap rates. But a company is in business to make a profit for its stockholders. Therefore, money should be considered, rather than just technical engineering tools and RPNs.
Current PFMEA methodology (See references 1 and 2) focuses on delivering quality parts to the customer. The financial impact of various potential process problems is not considered directly. A new and extended technique called FMERA (pronounced Fuh-MAIR-uh) can identify and prioritize the process part of potential problems that have the most financial impact on an operation. Alternatives can be evaluated to maximize the financial benefits. FMERA is a method for getting the voice of the stockholder into process decisions.
This methodology should not be used to justify risk when there are issues such as human safety, product safety, company policy, or regulatory concerns. These types of issues should be addressed using other guidelines, such as design specifications and product testing. FMERA is useful for comparing and selecting process alternatives that reduce the potential financial cost of a particular process alternative.
|Technical Paper||The Three Facets of Risk|
|Technical Paper||An Approach to Support FMEA Specification in Automotive Systems|
|Technical Paper||Developing Rules for Failure Modes and Effects Analysis of Computer Software|
CitationTarum, C., "FMERA - Failure Modes, Effects, and (Financial) Risk Analysis," SAE Technical Paper 2001-01-0375, 2001, https://doi.org/10.4271/2001-01-0375.
- Potential Failure Mode and Effects Analysis in Design (Design FMEA) and Potential Failure Mode and Effects Analysis in Manufacturing and Assembly Processes (Process FMEA) Reference Manual) SAE J1739 June 2000
- Potential Failure Mode and Effects Analysis (FMEA) 2nd Automotive Industry Action Group (AIAG) Southfield, MI