A team of engineers is reviewing the architecture diagram for a new ERP system being deployed at a large accounting firm. The engineers are discussing the impact of the failure of each node in the diagram on overall availability of the final product. The intent of the discussion is to minimize the likelihood of failure and the effects of any failure. What is this called?
A. SWOT Analysis
B. Quantitative Analysis
C. Failure Mode and Effect Analysis
D. Deming Cycle