Hot Standby sparing system detecting faults by using software, and being tolerant any faults by using Hardware Redundancy is difficult to perform quantitative reliability prediction and to detect real time faults. Therefore, this paper designs Hot Standby sparing system using hardware basis self checking logic in order to overcome this problem. It also performs failure mode analysis of Hot Standby sparing system with designed self checking logic by using FMEA (Failure Mode Effect Analysis), and identifies reliability assessment of the controller designed by quantifying the numbers of failure development by using FTA (Fault Tree Analysis)