Presented in this study is a top-down functional requirement analysis procedure and the desired functionalities for PDM system development, and the benefits of top-down approach over a conventional bottom-up approach is also shown. For the purpose of top-down requirement analysis for PDM system, this study proposes 4P modeling view. 4P modeling view is defined as a modeling perspective for classifying functional requirements and integrating product-related information objects that must be man-aged within PDM systems. Based on 4P modeling templates, benchmarking analysis of commercially major PDM products is conducted and as a result of this analysis, this study suggests desired functionalities for PDM system.