A fault management system using a satellite telemetering technology and a method thereof are provided. The fault management system includes: a telemetering sensing unit for collecting telemetering data from target apparatuses, which are installed at a remote location and an unattended location and managed through a satellite, in real time and sensing whether the target apparatuses are malfunctioned or not based on the collected telemetering data; a controlling unit for determining whether the target apparatuses are malfunctioned or not by comparing the telemetering data with unique performance request values for normally driving the target apparatuses, analyzing causes of malfunctions, and storing malfunction data into a malfunction data storing unit; a malfunction data analysis unit for managing the malfunction data stored in the malfunction data storing unit and analyzing the malfunction data; and a display unit for outputting the result of analyzing the malfunction data on a display device.