FMEA Part 1 - Intro. Not All Project Risks Are Created Equal.

All good managers know that there are risks in everyday business. Projects can turn south, processes can break. But can you identify those risks and the impact to your business? These posts will cover a fundamental tool used by project managers and Six Sigma professionals to identify risks, quantify the impact, and brainstorm how to mitigate those potentially nasty results. FMEA stands for Failure Modes and Effects Analysis. It's a simple tool and methodology to help guide ensure you have your bases covered and that risks are clearly understood by everyone. Let's dive in!