Risk management in large construction projects is undergoing a fundamental shift — from a compliance-led, retrospective discipline to a strategic, forward-looking capability that directly influences project viability, investor confidence and insurability. As projects grow in scale, technical complexity and stakeholder scrutiny, traditional risk registers and static planning approaches are no longer sufficient. This breakout session explores the latest innovations and changing approaches to construction risk management, including dynamic risk planning, scenario-based modelling, integration with project controls, data-driven decision-making and closer alignment with insurance and capital strategies. Attendees will examine why the role of the risk manager is evolving rapidly, how risk planning is becoming a core project leadership function and what this means for governance, accountability and value creation on major projects.