This assignment, titled 'Real-Time Fault Monitoring and Predictive Maintenance', delves into the application of predictive maintenance strategies in industrial processes. It covers methods such as real-time fault monitoring (Pouliezos & Stavrakakis, 2013), neural network-based soft sensors for control systems (Rani et al., 2013), degradation data analysis using Wiener processes (Ye et al., 2013), and predictive maintenance strategies from online resources. The assignment aims to equip students with the knowledge to implement predictive maintenance in practical scenarios, enhancing system reliability.