Failure Mode and Effects Analysis is actually a procedure for quality
assurance of production and management. Its formal principle is
applied in project management to
translate imponderables and risks into calculable processes. This
is done with the help of tables, the first column heading of which
often names the process to which
a disruption relates.
Likewise, the type, cause, probability of occurrence and
consequences of the possible disruption/imponderability are listed
in separate columns.