A Safety Management System (SMS) is a conglomerate plan of components, policies, objectives, goals and parameters. SMS is a system where multiple pieces have to fill in the gaps to interact for the system work. If one part breaks down, then other parts are are restricted in their overall function.
|Some reports on day 27 are applied to the Element of Non-Punitive Policy in the Component of Safety Management Plan.|
Operational costs associated with a safety management plan requiring human and financial resources are processing of reports, investigation and implementation of corrective action. A tool of managing cost is to extract information from individual charts of issue and cost.
|Cost is broken down into parameters by applying time fractions to each report received.|
Cost bearing elements are identified as the contributor's view of the issue. When issues are applied to an element of the safety management system it becomes a management planning tool by combining risk assessment and element cost. Parameters become operational management tools.