Failure Modes and Effects Analysis (FMEA) is a tool used by reliability engineers throughout the design process. Codes, standards and practices require single fault tolerance of dynamically positioned vessels to be documented in a FMEA. This information paper on the Assurance Requirements for FMEAs was a broad industry collaboration and will improve safety in the Industry. It provides a: •Methodology to drive transparency in the identification of vulnerabilities
•Common format for pertinent information to be presented.
•Means to align the spectrum of diverse stakeholders Vessel Technical Operators, Independent 3rd party providers and verifiers of DP FMEAs, Classification Societies, and OCIMF Member Marine Assurance and Vetting end users.