This document contains questions and answers from an FMEA webinar. The questions cover topics like examples of drilling down an FMEA from the system level to component level in books and case studies. Advice is provided for fabless semiconductor companies on how to start FMEAs. Answers indicate FMEAs should be living documents and updated with field experience. Suggestions are made on building a collection of FMEAs across global teams and setting standards. Questions regarding time spent on FMEAs, effectiveness measures, templates and addressing risks when resources are limited are also answered.