This document discusses using failure mode and effects analysis (FMEA) to prioritize risks at a thermal power plant. It begins with an introduction to FMEA and its use in identifying potential failure modes, their effects, and actions to reduce failures. It then provides details of a case study where FMEA was used to analyze failures of turbine auxiliaries and their impact on power generation at a specific power plant. Major equipment analyzed included oil coolers, shaft vibration, thrust pad/bearing temperature, turbine bearing temperature, and the cooling water system. The goal of the case study was to help prioritize maintenance and spare part management based on critical equipment identified through FMEA.