How do you balance the costs and benefits of RCA and failure prevention activities?
Failure analysis is a crucial process for identifying and correcting the root causes of defects, errors, or incidents that affect the performance, reliability, or safety of a system, product, or service. However, conducting a thorough and effective root cause analysis (RCA) and implementing preventive actions can also be costly and time-consuming. How do you balance the costs and benefits of RCA and failure prevention activities? In this article, we will explore some factors and strategies that can help you make informed and optimal decisions.