Many industries, for example automotive, have well defined product development process definitions and risk evaluation methods. The FMEA (Failure Mode and Effects Analysis) is a first line risk analysis method in design, which has been implemented in development and production since decades. Although the first applications were focusing on mechanical and electrical design and functionalities, today, software components are implemented in many modern vehicle systems. However, standards or industry specific associations do not specify any “best practice” how to design the