This article is devoted to the study of problems and prospects of development of specialized software in shipbuilding safety using functional modeling. It shows the importance of the shipbuilding industry and the need for effective tools to improve the design, management, monitoring and safety processes for ships under construction and repair. The research objective is the assessment of the capabilities and use of IDEF0 method as a tool for creating a descriptive graphical model showing the essence of the processes within the framework of the information and economic system of shipbuilding and repair security. Existing approaches and tools used in shipbuilding are discussed in detail. Particular attention is paid to the process of functional modeling and the importance of involving qualified IT specialists and shipbuilding experts for successful software development. Results of the research show that development of specialized solutions based on functional modeling, such as information and economic system for ensuring safety of ships under construction and repair, plays an important role in the modern shipbuilding industry. The need for further research and innovation in this area to improve the shipbuilding industry is also indicated. The importance of using information technology in shipbuilding to improve processes and achieve better results is emphasized. The importance of development of specialized solutions in shipbuilding to improve the industry and increase the competitiveness of companies is noted including cooperation between shipbuilding and IT companies and integration of experience and knowledge to develop innovative solutions. Development of specialized solutions on the basis of modern information technologies can significantly improve efficiency and safety in shipbuilding, as well as contribute to the development of the industry as a whole.