Guide for Measuring Financial Benefits of Airport Safety Management Systems

Airport sponsors are responsible for the safe operations of their airports. As the requirement for a safety management system (SMS) approaches, there is no quantitative data addressing the financial benefits and starting points in the implementation of an SMS. The lack of available information of financial benefits may create a reluctance to implement an SMS by airport sponsors. Addressing the scope of SMS financial benefits may enable sponsors to assess its financial capabilities to develop its SMS. Currently unknown variables to the industry include, but are not limited to (1) What relevant data and activities are already being collected or performed? (2) How to identify the cost benefits of SMS key performance indicators? (3) How do airport sponsors prioritize its financial benefits and develop a successful SMS implementation?                      The objective of this research is to develop a guide for airport sponsors to identify the financial benefits of the implementation of an SMS. The guide should include at a minimum the following: (1) A list of common categories of airport sponsors including, but not limited to: (a) hose that have (or do not have) an SMS in place, and (b) The number of enplanements and geographic locations, (2) A categorized list of incident types at airports, (3) A cost trend analysis before and after SMS implementation, (4) A comparative incident cost analysis between airport sponsors that have an SMS and airport sponsors that do not, (5) A list of SMS impacts and benefits, (6) An examination of airport SMS implementation from a phased approach, identifying: (a) What financial losses contribute to airports’ SMS implementation plans (e.g., ramp incidents, passenger slips/falls) and, (b) The most cost effective or financially beneficial implementation strategies, (7) Identification of a baseline of activities and elements of resources currently contributing to SMS, including the costs associated (e.g., SMS training investment), (8) Case studies examining the cost value of an incident or the loss that occurs to address: (a) Financial impacts of action or inaction, (b) Immediately recognizable substantial incidents at airports (e.g., loss time or money), and (c) If the incident was preventable. 

• Record URL:
  http://apps.trb.org/cmsfeed/TRBNetProjectDisplay.asp?ProjectID=5406
• Supplemental Notes:
  • Contract to a Performing Organization has not yet been awarded.

Language

• English

Project

• Status: Proposed
• Funding: $400000
• Contract Numbers:

  Project 04-33

• Sponsor Organizations:

  Airport Cooperative Research Program

  Transportation Research Board
  500 Fifth Street, NW
  Washington, DC    20001

  Federal Aviation Administration

  800 Independence Avenue, SW
  Washington, DC  United States  20591
• Project Managers:

  McDonald III, Edward

• Start Date: 20230327
• Expected Completion Date: 0
• Actual Completion Date: 0

Subject/Index Terms

• TRT Terms: Airports; Economic benefits; Investments; Safety management; Stakeholders
• Subject Areas: Administration and Management; Aviation; Economics; Safety and Human Factors; Terminals and Facilities;

Filing Info

• Accession Number: 01854713
• Record Type: Research project
• Source Agency: Transportation Research Board
• Contract Numbers: Project 04-33
• Files: TRB, RIP
• Created Date: Aug 16 2022 2:07PM