Risk management in construction projects using building information modelling

Risks reduction in construction projects is feasible through Building Information Modelling (BIM) according to the respective literature; however, so far, BIM-based risk management (RM) has not been addressed in a systematic way. This paper attempts to formalize BIM-based RM by suggesting and demonstrating the performance of a three-stage methodology. The methodology is applied on two risk scenarios in a building project through four commercial software applications that perform in combination, a full risks analysis regarding time and cost levels for the building project. The advantages and disadvantages of the proposed methodology and risk management in construction projects using BIM are presented.