Guide for Measuring Financial Benefits of Airport Safety Management Systems

The requirement for an airport safety management system (SMS) program is imminent. However, there is limited quantitative data showing its financial benefits to the aviation industry. As a result, acceptance and understanding have lagged.  Skepticism (e.g., “How does one prove the benefit of a negative?”) and complacency (e.g., “We’re already safe”) remain prevalent, particularly for small airports. Much of the useful financial data is siloed or viewed as proprietary in nature. The lack of a true understanding means that airports and regulatory bodies have difficulty justifying investment and rulemaking.  Research is needed to develop a method of measuring the financial benefits of implementing an SMS program.  The objective of this research is to develop a means for airports and stakeholders (e.g., airlines and regulatory bodies) to understand and measure the financial aspects of implementation of a SMS program. By being able to understand the scope of an SMS program, airport sponsors will be able to create a fuller level of buy-in culturally, and continually invest more confidently in their SMS program.

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: 20220815
  • Expected Completion Date: 0
  • Actual Completion Date: 0

Subject/Index Terms

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