“…It was used to assess the ability of software contractors working for the US Department of Defence in handling complex software projects. The capability maturity model has evolved from an appraisal method for software processes to other areas, such as (risk management in) water utilities , railroads (Macgillivray et al, 2007a, Busby, 2006, production firms (Ren andYeo, 2004, Veldman andKlingenberg, 2009), and the offshore industry (Williams et al, 2003, Parkes et al, 2012. Also specifically in asset management several maturity models have been developed (Feunekes et al, 2011, Laue et al, 2012, Winter and Fabry, 2012.…”