A method for predicting performance of a future product is disclosed. The method includes generating historical data for at least one product and generating a Failure Mode and Effects Analysis (FMEA) for the at least one product. The method also includes determining a relationship between an FMEA indicator of the FMEA generated for the at least one product and the historical data for the at least one product. The method further includes generating an. FMEA for the future product and applying the determined relationship to the FMEA indicator from the FMEA generated for the future product to predict performance for the future product.