Table of ContentsIntroductionBackgroundDiscussion on Standard CriteriaReferencesIntroductionSamsung C&T Corporation was established as the parent company of Samsung Group in 1938. In 1975, it was appointed to lead the sales operations at overseas by the Korean government as the "first general trading company" for the country. In December 1995, it merged with Samsung Construction and has since engaged in various global businesses with offices in over 50 countries. In 1963, Samsung was established with the aim of contributing to the national development of Korean territory. Since then, the company has become a leader in Korea's service industry by expanding its business scope to include resorts, catering and landscaping. In September 2015, the merger of Samsung C&T and Cheil Industries merged their respective reputations as market leaders. Today, through Engineering & Development, Business & Investment, Fashion & Resort, Samsung C&T aims to become a global business partner and lifestyle innovator. The project case I selected is the Burj Khalifa. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get the original essayBackgroundBurj Khalifa, initially known as Burj Dubai, is located in Downtown Dubai (Arabian Business 2017). The Dubai government wanted to create something special. The government designed Burj Khalifa, not with the aim of creating one of the tallest buildings in the world, but to become the hub of the Middle East's trade, tourism and financial industry. The basic structure of Burj Khalifa was intentionally shaped to resemble the letter “Y” by the designers to keep its structure simple and reduce the force of the wind blowing on the tower (Baker et al. 2007). Today, it is the tallest building in the world. The excavations began in January 2004. In July 2007 it reached level 141, in September 2007 it reached level 150 and finally in 2008 it was completed and reached a height of 160 and was known as “ the tallest man in the world. "-made structure", which reached the world record for the tallest building. It was then officially opened on January 4, 2010. To build Burj Khalifa, over 45,000 cubic meters of concrete weighing over 110,000 tons were used to create concrete and steel foundations. This project involved more than 380 engineers and technicians. Perhaps, despite the fact that he has many world records in his name and has earned such a great reputation in the world, his success comes with certain challenges as well as some failures. Keep in mind: this is just a sample. Get a custom paper now from our expert writers. Get a Custom Essay Discussion of Standard Criteria The key measure of performance is the so-called “Iron Triangle,” a metric that evaluates the project from three perspectives: cost, time, and scope (Atkins in 1999 ). One of the most crucial things is that project evaluation should focus from the very beginning to the completion stage. Using the iron triangle, the Burj Khalifa can also be measured. Burj Khalifa got its name from its height, but during the project many problems were created which delayed its construction. The estimated cost of Burj Khalifa was $875 million. However, its final cost exceeded and amounted to approximately $1.5 billion. Many factors were included in the increased costs. First, in the midst of a global economic recession in 2008, rising commodity prices.