It sometimes seems that there are competing "tools" used to improve reliability of equipment. Pickup any of the industry magazines the there is always a presentation of one "new" technique or another: Reliability Centered Maintenance (RCM), Failure Modes and Effects Analysis (FMEA), Root-Cause Analysis (RCA), and others. I have seen similarities between many of these tools, but a recent free webinar put on by Think Reliability did an excellent job of showing how RCA and FMEA are very closely related and support each other.
You can find the video here: http://www.thinkreliability.com/video/2009-10-13-RCA-FMEA/2009-10-13-RCA-FMEA.html
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