The Seven-Step Approach: Fundamental Activities
1.          Planning and Preparation: Develop an FMEA Project Plan
2.          Structure Analysis: Depict the product or process to be analyzed using an appropriate
     graphical/visual method.
3.            Function Analysis: Identify the functions to be performed and the requirements or
     criteria by which their performance is evaluated, in Design and Process FMEA development.
4.          Failure Analysis: Identify Failure Modes, Effects of Failure, and Causes of Failure.
5.           Risk Analysis: Estimate the level of design or process risk by assigning Severity of
     Effect, Occurrence of the Cause, and Detection of the Cause of Failure.
6.          Optimization: Based on risk evaluation, determine which aspects of the Design and
     Process require risk-mitigating actions and define those actions.
7.           Results and Documentation: Summarize, highlight, communicate and document the
     findings, risk reductions and remaining residual product and process risk.