Failure mode and effects analysis (FMEA) software is used to track trends, generate statistics such as mean time between failure (MTBF), and determine the root causes of field failures (usually for products covered by a manufacturer’s warranty). Failure mode and effects analysis (FMEA) is a methodology for analyzing potential forms of failure within a process or system. These failure modes are actual or potential defects or errors in a design, process, or product that affects or may affect customers and other end-users. Effects analysis refers to studying the consequences of these actual or potential failures. Most failure mode and effects analysis (FMEA) software is used by manufacturers; however, some FMEA applications are used in the service industry. At manufacturing companies, FMEA software may be used during various phases of the product life cycle. There are many different types of failure mode and effects analysis (FMEA) software. Choices include process, design, concept, equipment, service, system, and software. Process applications are used to analyze various manufacturing and assembly processes. Design applications are used to examine products prior to their production. Concept-oriented FMEA software enables businesses to analyze systems or subsystems in the early-design or conceptual stage. Equipment applications enable procurement personnel and operators to analyze machine designs before purchasing expensive capital equipment. Service-oriented FMEA programs can help service industries analyze processes before their release to the customer or end-user. The impact upon the customer is an important part of this analysis. Finally, some types of failure mode and effects analysis (FMEA) software are used to analyze the functions in other software systems. Selecting failure mode and effects analysis (FMEA) software requires an analysis of product features. Some FMEA applications are used to develop system requirements that minimize the likelihood of product failure. Others are used to develop methods for testing and designing specialized test systems that ensure that such potential and actual failures are eliminated. Failure mode and effects analysis (FMEA) software may also be used to evaluate customer requirements and ensure that product specifications do not introduce failures. Benefits of FMEA software include the identification of design characteristics that may contribute to failures, and the minimization of those effects. By tracking and managing potential risks in a product’s designs, project managers can avoid the same failures in subsequent projects.