A New Model for Measuring Return on Investment (ROI) For Safety Programs in Aviation: An Example from Airline Maintenance Resource Management (MRM)

This paper presents a new model of ROI for comparing and evaluating the new, rapidly evolving aviation maintenance resource management (MRM) programs. This model is simple and direct to apply. The results from this new approach to ROI will permit airline maintenance employees to clearly see the financial benefits of these safety initiatives and to be able to plan accordingly. This new approach will also permit policy makers to compare MRM results on even terms with other programs competing for their attention.