Due to the advancements in digitalization and increasing system complexities during the past decade, asset and maintenance management are becoming more important in companies. Especially in manufacturing companies, lean, effective and efficient production is necessary, which can only be achieved with optimal strategies for physical assets and excellent asset management, to master challenging market situations. System models are supporting management tools for the systematic development of asset and maintenance management in the company. One of the most common types of system models are process models, which are abstract representations of complex processes. They represent the chronological and factual sequence of functions, activities, essential subsystems, properties and interfaces. Numerous process models of maintenance and asset management have been published over the years, representing different objectives and aspects. This article provides a framework that clarifies the morphology of the models mentioned in literature. Finally, the similarities and differences regarding model application in practice and further research are discussed. Overall, the article intends to help researchers derive new, extended and optimized models for the domain
