An important tool for Six Sigma teams is failure modes and effects analysis (FMEA). What are the characteristics of FMEA? Instruction: Choose all options that best answer the question. Answer Choices It prioritizes potential failures based on their overall impact It is used to assess the impact of a failure once it has occurred It helps you identify the risks within your processes It helps you understand the effects of failures on your organization It's a method for redesigning processes to avoid failures