What is the relationship between FMEA and Risk Management?
“If no one ever took risks, Michelangelo would have painted the Sistine floor.” – Neil Simon
FMEA and Risk Management are two distinct bodies of knowledge. This article explores some of the interactions between these two important methods. It is not intended to be a complete analysis of the similarities, differences, and linkages between FMEA and risk management. Rather, it is a high-level overview.