Published Paper Details:

The construction sector is renowned for being labor-intensive and having little impact on IT. To produce high-quality and useful results for the stakeholders, current building processes are combined with IT-based software and hardware solutions. Therefore, it has been determined that construction industry risk management is a discipline with limited IT involvement and that in order to achieve effective IT-based implementations for the construction industry risk management, it is necessary to increase knowledge and awareness among construction industry professionals. Based on a questionnaire survey of 165 respondents, the drivers and challenges for risk management in the construction industry using IT solutions were validated. The data was analysed using Relative Important Index (RII). The research followed the positivism research philosophy along with the deductive research approach and quantitative research method. The effectiveness of risk management is the main hurdle to IT-based risk management in the construction industry, according to the research's findings. Comprehensive risk identification and efficient risk management are other factors influencing construction risk management. An IT-based framework was created to address risk management procedures specific to the construction industry based on the identified risk management driers and barriers. According to this study, professionals in the construction sector should become more knowledgeable and conscious of risk management in order to better grasp how it differs from IT applications in the sector.