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Technological progress has brought a large amount of complex machinery into the work processes, which represents a potential source of serious injuries, accidents, or breakdowns. The aim of this paper is to follow new trends in the FMEA and their use in our study. We have chosen the Turning Machine Doosan V-Puma Doosan PUMA V550R Machining Centre with manufacturing diameters and mechanical machining operations. We have created the FMEA team, which participated in the entire evaluation and analysis. We identified possible failures and causes of failures in the given operations. We applied the conventional PFMEA and identified the RPN risk number. We also used DEMATEL model. Using DEMATEL matrices, we identified a binding between the individual failures and the causes of the failures. Some failures will become the main cause of other failures and the causes of the failures; some arise as a result of other failures or causes of failures. Finally, we evaluated the applicability of individual methods and models. By the DEMATEL model we clarified the significance and bindings between individual failures.