General/overall purposes of FMEA

General/overall purposes of an FMEA:
• Improves the quality, reliability and safety of the evaluated
products/processes.
• Reduces product redevelopment timing and cost.
• Documents and tracks actions taken to reduce risk.
• Aids in the development of robust control plans.
• Aids in the development of robust design verification plans.
• Helps engineers prioritize and focus on eliminating/reducing
product and process concerns and/or helps prevent problems from
occurring.
• Improves customer/consumer satisfaction.