This paper presents an approximation method for deriving the availability of a parallel redundant system with preventive maintenance (PM) and common-cause failures. The system discussed is composed of two identical units. A single service facility is available for PM and repair. The repair times, the PM times and the failure times except for common-cause failures are all assumed to be arbitrarily distributed. The presented method formulates the problem of the availability analysis of a parallel redundant system as a Markov renewal process which represents the state transitions of one specified unit in the system. This method derives the availability easily and accurately. Further, the availability obtained by this method is exact in a special case.