In rail transport, increasing emphasis has been placed in recent years on improving safety levels. Therefore, more requirements and legal documents require risk analyses to be carried out at various stages of investment implementation. One of the leading legal documents that introduce the obligation to monitor risk is Directive (EU) 2016/798 of the European Parliament and of the Council of 11 May 2016 on railway safety and Commission Implementing Regulation (EU) No 402/2013 of 30 April 2013 on the common safety method for risk evaluation and assessment and re-pealing Regulation (EC) No 352/2009. Additionally, for traffic control systems, the requirements of CENELEC standards are mandatory. These documents present the subject of safety level and show its relation with the safety targets defined in the railway system, including the different ways of measuring them. Methods are also available to analyse the safety level of railway system components in detail, both at the level of individual components, subsystems, and the whole national railway system. However, after conducting an in-depth analysis of the literature, the authors of the article indicate that these methods are not consistent with each other. There is no method defined to present the direct relation of the safety level of the components of the system on the achievement of safety targets for the national railway system. The research and analysis aimed to define an approach, a method that would meet all legal requirements but at the same time would allow to clearly and reliably determine the safety level of the railway system. To define a unified approach, the authors of the article propose to develop a model of a dynamic object - a railway system safety model, which has also been verified on accurate safety data in rail transport in recent years. This model organises the process of safety management on railways and allows to determine values influencing the achievement of safety targets on an assumed level.