In recent years, there has been a noticeable trend towards a general contractor strategy for plant engineering companies. Multiple disciplines and departments must be administered in a joint project. In the process, different work results are often managed in various systems without any associative relationship. A possible way to address this complexity is to implement a specifically tailored PLM strategy to gain a competitive advantage. Maturity models as well as methods to evaluate possible benefits constitute increasingly applied tools during this journey. Both methods have been theoretically described in previous publications. However, this paper should provide insights in the practical application within machinery industry. Therefore, a medium-sized German plant engineering company serves as an example for determining the scope and value of a multi-national overarching Product Lifecycle Management architecture as the central piece of a future digitalization strategy. The company’s current maturity levels for several digitalization capabilities are evaluated, prioritized and benchmarked against a set of similar companies. This allows to derive suitable target states in terms of maturity levels as well as the technical specification of digitalization use cases. In order to provide profound data for cost justification the resulting benefits are quantified.