Baldwin Aviation and Gray Stone Advisors have launched an online, investigative analysis tool for use by business aviation operators seeking to determine the financial impact of implementing a rigorous and formalized Safety Management System (SMS) on their flight operations. The jointly-developed proprietary software utilizes the basic building block approach of financial analysis to assist flight department operators in building a justification for expenditures and the return on investment associated with the creation of an SMS.
“Mandated SMS programs are becoming the rule rather than the exception for flight departments conducting international flight operations in today’s global business environment,” noted Don Baldwin, chief executive and founder of Baldwin Aviation, “but demonstrating the reasons for investing in an SMS to non-aviation related executives within a company can still be an issue, so this ROI calculator is a simple way to shorten that conversation.”
“We have a lot of business aviation sector clients examining and implementing rigorous and formalized SMS programs, and others who needed a tool just to help them start the discussion with the folks in finance and accounting,” explained Jim Lara, principal at Gray Stone Advisors. “When we didn’t find a tool on the web that was specific to business aviation, easy to use and didn’t require a purchase, we decided to create one, so we got together with the ‘Best-in-Class-Leader’ in SMS, Baldwin Aviation, and developed this calculator.”