ISO 55001 Asset Management Maturity Model linked to KPIs

Abstract Organizational performance, especially in industries, has been affected by the rising relevance of asset management maturity. This review paper highlights the relevance of the integration of ISO 55001 standards pertaining to asset management maturity modeling and key performance indicators as tools to enhance organizational performance. Through the analytical study of literature conducted between 2020-2025, the present study establishes the theoretical and performance-measurement aspects of the relevance of the concept of asset management maturity and its performance measures. It was inferred in this review that organizations possessing higher asset management maturity perform well in their operational and financial key performance indicators. On the other hand, substantial differences have been observed pertaining to the standardized approach of maturity and the correlation of the performance indicators and the standardized level of maturity. This paper embodies efforts to conceptualize a framework related to the relevance of the concept of linkages and integrations of organizational performance using the frames of ISO 55001 and associated measures of maturity and performance tools for organizations that are likely to require transformation regarding their asset management.