This content is not included in
your SAE MOBILUS subscription, or you are not logged in.
FMERA - Failure Modes, Effects, and (Financial) Risk Analysis
Technical Paper
2001-01-0375
ISSN: 0148-7191, e-ISSN: 2688-3627
Annotation ability available
Sector:
Event:
SAE 2001 World Congress
Language:
English
Abstract
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.
Recommended Content
| 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 |
Authors
Citation
Tarum, C., "FMERA - Failure Modes, Effects, and (Financial) Risk Analysis," SAE Technical Paper 2001-01-0375, 2001, https://doi.org/10.4271/2001-01-0375.Also In
References
- 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