An introduction to the essential theory of maintenance and management, definition of maintenance and the various types of maintenance. Considers the trade offs between planned, responsive and cyclic maintenance and examines the cost implications of including various proportions of each in a maintenance and examines the cost of implications of including various proportions of each in a maintenance programme. Formation of the maintenance programme from the basic maintenance policy and objectives of the organization.Life cycle costing techniques and their application to asset maintenance.Methods for establishing maintenance budget plans and cost control systems.