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The SMS Fundamentals presentation offers insights into the principles of a Safety Management System (SMS). It outlines the essential components, elements, and core processes necessary for a functional SMS, emphasizing that organizations should tailor their SMS to their specific safety needs. Key topics include the FAA's involvement in SMS, exploring both the business and safety cases, and a high-level overview of SMS fundamentals. The presentation details the primary SMS components: policy, safety risk management, safety assurance, and safety promotion. It also introduces SMS guidance tools and discusses the implementation of SMS in the United States, addressing common misconceptions about SMS.