Maintenance management involves actions to restore equipment to working condition to maximize its useful life. The objectives are to maximize availability, reduce costs from breakdowns, extend equipment lifespan, and ensure safety. This is achieved through preventive maintenance which aims to identify and address issues before failures occur. There are two main types of maintenance - breakdown maintenance which repairs equipment after failure, and preventive maintenance which repairs equipment based on predictions or inspections to prevent failures. A maintenance department is developed to achieve these objectives through functions like developing policies, maintaining records, and scheduling planned maintenance.