Criticality analysis

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Criticality analysis is means of identifying the "vital few" features that are vulnerable in the design so that they can receive priority for attention and resources; usually a matrix that depicts the degree of failure of a feature or component against the ranking of customer needs, along with responsibilities detailed for correction.

Definition

According to Macroeconomics by Mankiw (7th edition),

Criticality analysis. Means of identifying the "vital few" features that are vulnerable in the design so that they can receive priority for attention and resources; usually a matrix that depicts the degree of failure of a feature or component against the ranking of customer needs, along with responsibilities detailed for correction.