Security Financial Planning and Optimization (Classroom, 3 days)

About

The number of threats to aviation continues to increase and at the same time, these threats are evolving. To keep ahead of the threats, aviation security regulations are advancing, bringing associated cost implications. Security Managers are faced with the dual challenge to cost the impact of these changes and to improve response to these threats.

Practical simulations and exercises during this 3-day course will equip you to plan your organization’s finances to maintain compliance and high standards to address new regulations and effectively optimize your security and protection costs. Using a business case approach - from regulation to balance sheet - you will be guided through a security risk assessment and compliance evaluation, and learn how to use financial planning techniques to help authorities, airport, airline, and security providers face the new challenges of regulatory compliance within financial limitations.

This course is available at IATA Training Centers and Regional Training Partner locations, and on-demand as in-house training.

Course code: TSCS-12

Course format

• This classroom course provides 3 days (24 hours) of instruction delivered by an official IATA Instructor.
• Student performance will be based on an assessment

Prerequisites

• There are no prerequisites for this course
• Recommended level is Intermediate and Advanced
• The recommended level of language proficiency is ICAO Operational Level 4 for courses in English or the equivalent level for other languages.

How to register

• To attend a class scheduled at one of our training centers: Register early and save up to 20%! Please read the Terms for the early bird discount. The discount will be calculated at the time of payment.
• To arrange in-house training for your company: Complete the in-house training request form or contact the salesperson in your region.

What you will learn

Upon completion of this course you will be able to:

• Prepare and analyse compliance reports
• Understand security cost methodology
• Calculate capital and operational expenses
• Calculate the cost of compliance
• Develop a report presentation / executive briefing

Course content

• Regulatory compliance standards for security financing and security cost methodology
• Screening technologies and preparing a request for proposal (RFP)
• Calculating labor costs
• Outsourcing of security services
• Role of financial records in a security audit
• Calculation of cost benefit analysis
• Preparing an impact analysis

Activities

• Converting security audit reports into financial planning tools
• Evaluating staffing requirements for compliance and calculation of labor cost
• Preparing security equipment schedules and calculation of capital allowances
• Cost benefit analysis and impact analysis reports for senior management

Who should attend

This course is recommended for:

• Airline security managers
• Airport security managers

Certificate awarded

An IATA Certificate of Completion is awarded to participants obtaining a grade of 80% or higher on all exercises and exams. A special distinction is awarded to participants obtaining a grade of 90% or higher.