This document discusses Failure Mode and Effects Analysis (FMEA). It begins by defining key terms like probability, risk, risk measurement, and risk management. It then explains that FMEA is a manual analysis method used to determine the consequences of failures in components, modules, or subsystems. The FMEA process involves identifying potential failure modes, their causes and effects, current controls, and developing recommendations to address high priority risks. Seven steps of the FMEA process are outlined, including determining failure modes and associated risks, effects, causes, controls, recommended actions, and comparing results. An example of applying FMEA to a truck stop coffee process is also provided.