The main purpose of the work which was carried out and is presented in this paper was to examine the possibility of using fuzzy logic inference for conducting a risk analysis with the help of a sheet-based Failure Mode and Effects Analysis method (FMEA). At the beginning, the main features of the analysed method were presented, with particular emphasis put on the Risk, Priority and Number parameters. Then, a proposal has been made which suggests using Matlab Fuzzy Logic Toolbox package in order to convert the factors into the form of fuzzy sets and to define rules for fuzzy inference process has been made. Finally, the created fuzzy logic model was used to present an example analysis of a turbocharger failure in the fuzzified form.