This document is a technical report that outlines fault managed power systems (FMPS), emphasizing their role in contemporary communication networks. It explains the necessity for efficient power distribution as the demand for cellular data increases, particularly with the rollout of 5G technology, which requires higher power levels for small cell deployments. The report describes the development of FMPS, initiated by industry standards bodies such as ATIS, UL, and NEC, highlighting its compliance with safety standards and the absence of power limits under normal operation. Furthermore, the document details the components of FMPS, including Power Sourcing Equipment (PSE) and Powered Devices (PD), and their operation. It also addresses the importance of stringent fault management techniques that enhance safety by controlling the energy transferred during fault conditions. The report concludes with the potential implications of FMPS for future network infrastructure and smart technologies, reinforcing the evolving landscape of power distribution in telecommunications.