The PMs Tab contains a list of all PM tasks assigned to the module as well as fields that are used to determine the PM schedule.
When you review PMs for a specific record, you can see the details for the PM, for example, the PMs that have been scheduled, the next scheduled date, and the interval between PMs.
The details about a PM are based on task information from Organization > Task > PMs Tab where you can also assign items to the task. If you use the Task / PMs Tab to assign items, the information is included on the individual item's PMs Tab. You can make adjustments to the PM details from either the Task or the item windows. The changes are reflected in both modules.
The document titled Preventive Maintenance gives full details about the PM decisions such as when to use fixed, floating, metered, non-metered, or dual PMs.
The Meter Based section of the PMs Tab is only found on the individual item records. Since one item can have more than one meter, this arrangement assures the proper meter is used for the PM.