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Siemens - Pm587 Team Project Part 1

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Submitted By nframos
Words 1657
Pages 7
Siemens USA
This document provides Siemens decision making personnel with the necessary guidelines to select and manage its project management portfolio within the company. It will stand as a reference for executives to follow during the project selection process which is driven by company objectives. The criteria set forth in this document will assess each individual project and rate it according to the standardized evaluation scale. This will further contribute to the decision making process for Siemens internal Project Management Organization team.
A brief description of the industry and the key aspects of the environment of that industry:
Siemens Industry, Inc. currently has over 400,000 employees worldwide to develop and manufacture products, design and install complex systems, and tailor a wide range of solutions for individual requirements. The company started with the invention of the telegraph and continued to grow and diversity their product line with the production of alternators, electric trains, light bulbs, computers, and washing machines to name a few. Siemens has always stood for technical achievements, innovation, quality, and reliability. They have been synonymous with international focus and worldwide presence for over 160 years. With its U.S. corporate headquarters in Washington, DC, Siemens in the USA reported sales of $19.9 billion and employs more than 60,000 people throughout all 50 states and Puerto Rico. They continue to be one of the most innovative companies in the world.
Today, Siemens is a technology giant with presence in more than 190 countries. There are three main business sectors in which the company uses to diversify itself and becomes an essential part of everyday life. These three sectors are Industry, Energy, and Healthcare which are further broken down into a total of 15 divisions.
Industry Sector
The Industry Sector

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