More FOWTs (floating offshore wind turbines) will be installed as relevant regulations and technological hurdles are removed in the coming years. In the present study, a numerical prediction tool has been developed for the fully coupled dynamic analysis of FOWTs in time domain including aero-loading, tower elasticity, blade-rotor dynamics and control, mooring dynamics, and platform motions so that the influence of rotor-control dynamics on the hull-mooring performance and vice versa can be assessed. The developed coupled analysis program is applied to Hywind spar design with 5 MW turbine. In case of spar-type floaters, the control strategy significantly influences the hull and mooring dynamics. If one of the control systems fails, the entire dynamic responses of FOWT can be significantly different. Therefore, it is important to maintain various control systems in a good operational condition. In this regard, the effects of failed blade pitch control system on FOWT performance including structural and dynamic responses of blades, tower, and floater are systematically investigated. Through this study, it is seen that the failure of one of the blade pitch control system can induce significant dynamic loadings on the other blades and the entire FOWT system. The developed technology and numerical tool are readily applicable to any types of floating wind farms in any combinations of irregular waves, dynamic winds, and steady currents.