Abstract
Building information modeling (BIM) is a promising technology for the construction sector, as it addresses multiple risks, supports decision-making and enhances value. However, its technological and contractual novelties introduce some new risks. To observe the BIM-driven risk transformation, this paper performs a thorough analysis involving international experts and practitioners. Data is collected in the form of open-ended interviews and typeset questionnaire along with case studies of running projects. Results reveal that BIM eliminates a majority of significant risks. Further, the findings fuel a new research problem; the lack of a dedicated BIM plugin for risk management. Responding to it, a theoretical framework is developed to automate the risk management process and improve overall project management practice. It is concluded that construction projects can greatly benefit from an automated risk management system and investment in developing a dedicated plugin is recommended, ensuring an effective penetration of BIM in the construction industry.
•A theoretical model and architecture are proposed for risk-integrated BIM plugin.•94 risks are identified and 32 major risks are shortlisted from published taxonomies.•34 BIM-induced risks are identified and analyzed by 110 experts from 33 countries.•Pre- and post-BIM risk registers are developed for 2 case study projects.•A major risk transformation in pre- and post-BIM implementation phases is observed.