What does Failure Mode and Effects Analysis (FMEA) primarily focus on?

Failure Mode and Effects Analysis (FMEA) is a systematic method used for evaluating processes to identify where and how they might fail and assessing the relative impact of different failures. The primary focus of FMEA is on understanding the potential failure modes within a system, including their causes and effects. By analyzing these failures, organizations can prioritize risks and implement actions to mitigate them before they lead to defects or system failures.

This proactive identification and assessment of potential failures are crucial for improving the overall reliability and quality of products and processes, ensuring that risks are managed appropriately.

The other options, while relevant to quality management and product development, do not encapsulate the core purpose of FMEA. Specifically, financial implications, quality control measures, and customer feedback are important aspects of product and process management but do not specifically define the focus of FMEA. Thus, the option that emphasizes the impact of potential failure modes aligns perfectly with the fundamental objectives of FMEA.