The key components of FMEA are:Failure Modes: Potential ways in which a system, process, or product can fail.Effects: The consequences or impacts of each failure mode.Causes: The reasons or factors that contribute to the occurrence of each failure mode.Severity: A rating that indicates the potential seriousness of the effect.Occurrence: A rating that represents the likelihood of a failure mode occurring.Detection: A rating that reflects the ability to detect or prevent a failure mode before it reaches the customer.Risk Priority Number (RPN): A numerical value obtained by multiplying the severity, occurrence, and detection ratings, used to prioritize actions.