Publisher Summary This chapter discusses the cost of an incident, several methods of cost reduction, and the advantages of cost control. A goal must be set to provide a service or produce a quality product efficiently without incidents. A well-designed safety management system can help reduce injuries and illnesses along with the associated hidden costs. In addition, a good management system can (1) increase efficiency, (2) improve productivity, morale, and/or quality of products, and (3) reduce the potential for regulatory citations. A safety management system must be consistent with other program requirements. A balanced program attempts to optimize safety, performance, and cost. Safety system program balance is the product of the interplay between the system safety and the other program elements of cost, schedule, and performance. A “visible” safety program helps set the stage for improved employee attitude. Although the physical safeguarding of the workplace is a real factor in safety, the mental attitude of the employee is the ultimate key to avoid incidents.