How do you measure and demonstrate the value and impact of FMEA on your organization's performance and goals?

1 Define your FMEA objectives

Before you start your FMEA project, you need to define your objectives and align them with your organization's strategic goals. What are you trying to achieve with FMEA? How does it support your customer satisfaction, safety, compliance, innovation, or efficiency targets? How will you measure the success of your FMEA project? By setting clear and realistic objectives, you can establish the scope, criteria, and expectations for your FMEA team and stakeholders.

3 Communicate and document results

Communication and documentation are key for demonstrating the value and impact of FMEA. You need to communicate and document the results of your FMEA project to your stakeholders and customers in a clear, concise, and compelling way. You can use different formats, such as reports, presentations, dashboards, or infographics, to highlight the main findings, recommendations, and outcomes of your FMEA project. You can also use stories, case studies, or testimonials to showcase the benefits of FMEA for your customers, such as improved quality, reliability, safety, or satisfaction.

4 Monitor and update FMEA

FMEA is not a one-time activity, but a continuous improvement process. You need to monitor and update your FMEA project regularly to ensure its relevance, accuracy, and effectiveness. You can use feedback loops, audits, reviews, or surveys to collect and evaluate new data, changes, or issues related to your product, process, or system. You can also use metrics, such as key performance indicators (KPIs), return on investment (ROI), or customer loyalty, to track and report the progress and impact of your FMEA project on your performance and goals.

5 Learn and share best practices

FMEA is a collaborative and learning process. You need to learn and share best practices from your FMEA project with your team, organization, and industry. You can use forums, webinars, workshops, or publications to exchange knowledge, insights, and lessons learned from your FMEA project. You can also use benchmarks, awards, or certifications to recognize and celebrate the achievements and excellence of your FMEA project. By learning and sharing best practices, you can enhance your FMEA skills, reputation, and value.

6 Foster a culture of FMEA

FMEA is not only a method, but also a mindset. You need to foster a culture of FMEA in your organization that encourages and supports the application of FMEA in all aspects of your work. You can use leadership, training, incentives, or recognition to promote and reward the use of FMEA in your organization. You can also use vision, values, or policies to embed and integrate FMEA in your organization's culture. By fostering a culture of FMEA, you can create a competitive advantage and a sustainable performance for your organization.

7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?