IndexIntroductionBackgroundStandard Criteria DiscussionReferencesIntroductionSamsung C&T Corporation was founded as the parent company of the Samsung Group in 1938. In 1975, it was appointed by the Korean government as the "first general" to lead the operations of sales abroad trading company' for the country. In December 1995 it merged with Samsung Construction and has since been engaged in various global businesses with offices in over 50 countries. In 1963, Samsung was founded with the aim of assisting domestic development in Korea. Since then, it has evolved into a leader in the Korean service industry, expanding its business scope to include resorts, food and beverage, and landscaping. In September 2015, the merger of Samsung C&T and Cheil Industries combined their respective reputations as market leaders. Today, through its Engineering & Development, Trade & Investment, Fashion and Resort groups, Samsung C&T aims to become a global business partner and lifestyle innovator. The design case I selected is the Burj Khalifa. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essayBackgroundBurj Khalifa, initially known as Burj Dubai, is located in Downtown, Dubai (Arabian Business 2017). The government of Dubai wanted to create something special. The government designed the Burj Khalifa, not with the goal of creating one of the world's tallest buildings, but of becoming the center of trade, tourism and finance in the Middle East. The basic structure of the Burj Khalifa was specially shaped by the designers to resemble the letter "Y", in order to keep its structure simple and reduce the force of the wind blowing through the tower (Baker et al. 2007). it is the tallest building in the world. The excavation started in January 2004. In July 2007 it reached the 141 level, in September 2007 it reached the 150 level and finally in 2008 it was completed which reached the height of 160 and was known as “the tallest man top of the world." -made Structure”, which achieved the world record for the tallest building. It was then officially inaugurated on January 4, 2010. Over 45,000 cubic meters of concrete weighing over 110,000 tons were used to build the Burj Khalifa, to create concrete and steel foundations. This project involved more than 380 engineers and technicians. Perhaps, despite having many world records to his name and gaining such a wide reputation in the world, there are some challenges involved for his success and few failures. Please note: this is just an example. Get a custom paper now from our expert writers. Get a Custom Essay Discussion of Standard Criteria The key performance metric is what has been called the “Iron Triangle,” a metric that evaluates the project from three perspectives: cost, time, and scope (Atkinsin 1999). One of the most crucial aspects is that project evaluation should focus from the initial phase to the completion phase. Using the iron triangle you can also measure the Burj Khalifa. The Burj Khalifa owes its name to its height, but numerous problems arose during the project that caused delays in its construction. The estimated cost for the Burj Khalifa was $875 million. However, its final cost exceeded and was approximately $1.5 billion. Many factors have been included for the increase in costs. First, in the midst of the global economic recession in 2008, commodity price increases had increased dramatically (Abraham 2019). Iron prices increased by 75% in 2008 along with aluminum and cement which were expected to be used in the.