This document discusses condition monitoring and maintenance management for precision component manufacturing machines. It explains that minor deviations in machine performance can affect product quality, so maintenance is essential. Condition monitoring is useful for predicting failures before they occur. Maintenance management also plays a crucial role in maintaining process capability, availability, and reducing downtime and costs. The document evaluates different condition monitoring techniques and discusses how maintenance management systems can support precision manufacturing through computerized record keeping, performance tracking, and process capability monitoring. Overall, it argues that both condition monitoring and maintenance management are important for running precision machines within defined production limits.