This paper presents a novel Software based solution to mitigate the most prevalent construction risks with systematic implementation of Building Information Modeling Software at the lifecycle stages of the project and provides practical recommendations for industry practitioners. The construction industry has a complex and uncertain process presenting different opportunities and challenges at various project phases. Incorporating traditional risk management methods with BIM help identify and manage risks effectively. This research paper presents a systematic approach to implementing BIM throughout the lifecycle of an eight-story building project, from feasibility to construction, to manage major risks in each phase. The paper addresses a gap in the literature by identifying and mitigating prominent risks in the construction industry of Pakistan through BIM modeling, based on a review of 180 common risks and detailed interviews. The research methodology involved surveys and data analysis to identify and prioritize the most significant risks and suitable BIM mitigation measures. The study suggests that BIM’s collaboration software resolves communication issues while Clash Detection mitigates Design-related risks before the start of construction. Simulation of Planned vs. Actual Progress and accurate Quantity Estimates achieved by BIM’s estimation software contributes to the successful completion of project. BIM and its tools have the potential to revolutionize the construction process if used as a structured risk management tool throughout the project lifecycle. The paper advises designing out most project risks in the Planning and Design phase, while reserving monitoring and control for later stages as early identification and management of risks is critical for success.
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