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The video tutorial explains the maintenance and work order tab in a CMMS, focusing on the default work order status setting. This setting controls the status assigned to new work orders created either from the work orders module or directly from an asset. The current default status is set to open. The presenter prefers to create incomplete work orders and update them later, so they change the default status to on hold to avoid creating active incomplete work orders. After this change, new work orders will have a status of "pending on hold." The video concludes by summarizing the maintenance and work order settings discussed.