There is multiple pre- and post-processing software available for the creation of FE models and processing of the results respectively. These can be customized to enhance the turnaround time by writing API (Application Programming Interface) scripts. The results of the Finite Element Analysis can then be used for hand calculations and one can arrive at Margins of Safety.
Finite Element Analysis, in general, and with the latest advancements in software and hardware, has resulted in carrying out structural analyses more accurately with a reduction in the design cycle.
More importantly, certification authorities are accepting Finite Element Analysis as a part of the design cycle. It is being used extensively in all sub-domains of aircraft design starting from aerodynamics design to flight-testing activities. It is prudent for any aircraft design organization to build a team and use this process effectively to reduce the cost of product development.