Traditional to sustainable risk management in the construction industry: a systematic literature review

Purpose This research seeks to systematically review studies on risk management (RM) in the construction industry, tracing its evolution from traditional approaches focused on risk identification, assessment, and mitigation to modern approaches that prioritize sustainability, resilience, and adaptability. It aims to develop a clear definition of sustainable risk management (SRM) and propose a framework for its implementation to ensure cost-efficient, resilient, and flexible operations. Design/methodology/approach A systematic literature review, guided by the PRISMA framework, analyzed 79 peer-reviewed articles (2014–2024) from Scopus, IEEE Xplore, Wiley, and other databases. Thematic grouping was used to categorize key SRM components, identifying emerging trends, gaps, and challenges in its adoption. Findings The study identifies key SRM pillars and attributes, demonstrating how SRM enhances the sustainability and resilience of RM practices. The proposed framework provides a structured approach to integrating SRM principles into construction operations, addressing implementation barriers such as regulatory misalignment, industry resistance, and technological integration. The findings also highlight the broader impact of SRM on shaping proactive and future-proof RM strategies. Practical implications Construction firms and policymakers can benefit from the findings of this study by understanding the key pillars, attributes, and challenges of SRM. The proposed framework provides practical guidance for firms to evaluate and improve their current RM practices, particularly in addressing complex industry challenges and enhancing resilience and sustainability. Policymakers can use these insights to align regulations with SRM principles, supporting RM processes that are both effective and future-proof. Additionally, the study equips industry professionals with tools to enhance adaptability and long-term RM effectiveness. Originality/value As one of the first comprehensive reviews of SRM in the construction industry, this study consolidates key insights and provides a structured framework for both researchers and practitioners. It advances discussions on integrating sustainability within RM and highlights the need for empirical validation, particularly in assessing the role of digital transformation in SRM. By bridging theoretical gaps and practical applications, this research establishes a foundation for future studies on sustainable and technology-driven RM strategies.