. This paper presents a critical review of the development of state of the art of research in construction risk management based on a bibliometric analysis on 243 articles published in six renowned International construction journals during the years 2005–2015. The analysis demonstrated that the authorship of risk management research was dominated by only a handful of countries of origin. The spectrum of research areas ranged from decision support system to contracts with risk modeling being the most researched subject. Quantitative and hybrid of qualitative-quantitative were the primary research methodologies. Statistical approach was employed by one out three articles, making it the most widely used method in the field. A combination of more than one method was not uncommon. Beside statistical analysis, this paper discusses two other popular quantitative methods i.e. fuzzy set theory and Monte Carlo simulation. This paper also acknowledges avenues for future research, including the further application of risk management for public-private-partnership/build-operate-transfer contracts, mathematical relationships of risk level and risk-reducing cost, enterprise risk management, and risk behavior.