While these modules don't directly address FAA Part 5 requirements, they are included in the Part 5 Automation Tool to help you achieve compliance and performance.
This module allows you to compare your KPI classifications against industry averages, which is extremely important as it allows you to have a benchmark for performance. Remember that KPIs are created directly in response to your safety objectives, which means that KPI performance is the same as the core performance of your SMS program.
In this module, you can:
This module’s functionality are a critical part of maintaining FAA Part 5.71 Safety Performance Monitoring and Measurement compliance.
The Part 5 Automation Tool’s Performance Monitor allows executives to see reported activity in real time! One can quickly see how open is the reporting culture by looking at this Performance Monitoring module. In addition, looking at the average number of days an issue is unresolved is a good metric for organizational responsiveness.
The Part 5 Automation Tool™ provides following default key performance indicators (KPIs):
You can then set all additional KPIs. Every KPI you set will appear in this module. You will see the number of times each KPI has been classified each year.
Additionally, you can set a normalization rate for your operations and see normalized data, enabling you to compare your data against other organizations in your industry.
Key Performance Indicators Blog Post
List of Key Performance Indicators for Airlines
List of Key Performance Indicators for Airports/Aerodromes