Current approaches for training Process Reward Models (PRMs) often involve deconposing responses into multiple reasoning steps using rule-based techniques, such as using predefined placeholder tokens or setting the reasoning step’s length to a fixed size. These approaches overlook the fact that certain words don’t usually indicate true decision points. To address this, we propose AdaptiveStep, a method that divides reasoning steps based on the model’s confidence in predicting the next word, offering more information on decision-making at each step, improving downstream tasks like reward model training. Moreover, our method requires no manual annotation. Experiments with AdaptiveStep-trained PRMs in mathematical reasoning and code generation show that the outcome PRM achieves state-of-the-art Best-of-N performance, surpassing greedy search strategy with token-level value-guided decoding, while also reducing construction costs by over 30% compared to existing open-source PRMs. We also provide a thorough analysis and case study on its performance, transferability, and generalization capabilities. We provide our code on https://github.com/Lux0926/ASPRM.