Failure Modes and Effects Analysis (FMEA) is a systematic approach to identifying potential failure modes in components, equipment, systems, procedures, or software, assessing their consequences (i.e. local and global effects), and prioritising actions to mitigate or eliminate associated risks. FMEA is widely used across industries to improve design robustness, enhance reliability, optimise maintenance, and strengthen operational resilience. When combined with criticality assessment (FMECA), it provides quantitative prioritisation to inform decision-making and risk management in alignment with international standards such as IEC 60812, ISO 31000, and IEC 61511.