In view of the drawbacks in existing allocation methods which are incomplete considerations and poor practicality, a comprehensive fuzzy allocation method considering failure effects and reliability costs is proposed. Fuzzy linguistics and triangular fuzzy numbers are used to evaluate the uncertainty and subjective factors in allocation process. The traditional risk priority numbers (RPNs) are modified to overcome the shortages which are the same factor weights and equal difference of failure effects in original methods. State of the arts, components intricacy and working conditions are used to construct the reliability costs model, which solves the difficulties of costs statistics and avoids the sophisticated calculations which exist in current allocation methods. The relationship between reliability costs and potential risk of subsystem is studied and the value range of it is given in this paper. A case example is given to illustrative the scientificity and practicability of proposed allocation method.