The lifecycle of a construction project would start with the need for a new facility by an owner. Therefore, the construction projects are known for having unique characteristics, which stem from the diversity of the owners’ needs. The vast amount of the projects’ components is usually undertaken in uncontrollable environments. The unique nature of the construction industry makes it risky and competitive endeavor. One of the critical competitive advantages for a construction organization is its ability to implement the previous experience and to maximize the organizational learning. This would aid the construction organization to manage the expected business risk effectively. Information and communication technology (ICT) can provide efficient tools for adequate risk management process that would lead to successfully managing and responding to project risks. This paper is part of an ongoing research that aims to study the available ICT tools and techniques and discuss how the ICT would facilitate the success of construction risk management process.

The main objective of the ongoing research is to reveal the areas where these tools and techniques can be implemented and its anticipated effectiveness if it were applied appropriately. The current paper discusses briefly the scope and the expected benefits from the study.