Narrative:

While conducting the RNAV approach; we received conflicting vertical guidance from the FMS; while simultaneously receiving an altitude alert message from tower (potentially 400 ft below altitude). We immediately executed a missed approach. We then took our time on an extended downwind to reprogram the FMS; and completed the approach and landing uneventfully. It's important to note we followed all applicable procedures as per our training and RNAV tab.both flight crew members agreed upon setup of the FMS for the approach; and used the RNAV tab [in the handbook] to program the FMS. It would be beneficial to have a more structured 'checklist' for setting up an RNAV approach since we primarily conduct visual or ILS approaches. Also; it is worth mentioning that; while there were no ILS approaches currently available at ZZZ; there was a VOR that ATC suggested but for which we were not issued any approach plates and therefore had to use the RNAV again. Had the second approach resulted in another missed; we would have had to go to our alternate. If there is a way for the company to know when certain approaches will be unavailable; it would be helpful to have (at least temporarily) another form of approach to use that we may not otherwise need to carry.

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Original NASA ASRS Text

Title: An E-145 flight crew conducting an RNAV approach received low altitude alerts from the Tower and EGPWS terrain warning inside of the final approach fix. They initiated a missed approach; reprogrammed the FMS and conducted a second approach uneventfully.

Narrative: While conducting the RNAV approach; we received conflicting vertical guidance from the FMS; while simultaneously receiving an altitude alert message from Tower (potentially 400 FT below altitude). We immediately executed a missed approach. We then took our time on an extended downwind to reprogram the FMS; and completed the approach and landing uneventfully. It's important to note we followed all applicable procedures as per our training and RNAV tab.Both flight crew members agreed upon setup of the FMS for the approach; and used the RNAV tab [in the handbook] to program the FMS. It would be beneficial to have a more structured 'checklist' for setting up an RNAV approach since we primarily conduct visual or ILS approaches. Also; it is worth mentioning that; while there were no ILS approaches currently available at ZZZ; there was a VOR that ATC suggested but for which we were not issued any approach plates and therefore had to use the RNAV again. Had the second approach resulted in another missed; we would have had to go to our alternate. If there is a way for the company to know when certain approaches will be unavailable; it would be helpful to have (at least temporarily) another form of approach to use that we may not otherwise need to carry.

Data retrieved from NASA's ASRS site as of July 2013 and automatically converted to unabbreviated mixed upper/lowercase text. This report is for informational purposes with no guarantee of accuracy. See NASA's ASRS site for official report.