Risk management in large-scale construction projects is a critical yet complex process influenced by financial, safety, environmental, scheduling, and regulatory uncertainties. Effective risk management contributes directly to project optimization by minimizing disruptions, controlling costs, and enhancing decision-making efficiency. Early identification and mitigation of risks allow resources to be allocated where they have the greatest effect, thereby optimizing overall project outcomes. However, conventional methods such as expert judgment and probabilistic modeling often struggle to process extensive datasets and complex interdependencies among risk factors. This study explores the potential of an AI-based framework for risk identification, utilizing artificial intelligence to analyze project documentation and generate a preliminary set of identified risks. The proposed methodology is implemented on the ‘Trg pravde’ judicial infrastructure project in Zagreb, Croatia, applying AI models (GPT-5, Gemini 2.5, Sonnet 4.5) to identify phase-specific risks throughout the project lifecycle. The approach aims to improve the efficiency of risk identification, reduce human bias, and align with established project management methodologies such as PM2. Initial findings suggest that the use of AI may broaden the range of identified risks and support more structured risk analysis, indicating its potential value as a complementary tool in risk management processes. However, human expertise remains crucial for prioritization, contextual interpretation, and mitigation. The study demonstrates that AI augments, rather than replaces, traditional risk management practices, enabling more proactive and data-driven decision-making in construction projects.
Vilibić et al. (Mon,) studied this question.