The implementation of major projects is complicated by the multiplicity of beneficiaries, owners, and all participants in the project as well as the technical overlap between the various engineering, financial and administrative works, while the specific features of the construction activity have a clear influence in shaping the nature of construction projects because the implementation processes were associated with a deep and long-term intervention in the natural environment, where construction is a burden on the environment, both in the construction phase and during the maintenance and liquidation phases: it requires depreciation of a large number of material resources. Through that, this study focused on clarifying the most important concepts of risk management and modern strategies in risk analysis and how to respond to them and monitor projects. The study then presented a questionnaire for the risks facing major projects in Egypt. Through analyzing the results of the questionnaire, a qualitative risk analysis was conducted that can be used to prioritize response to risks, in addition to conducting a Monte Carlo simulation based on theoretical foundations and providing a new process for prioritizing project risks related to sustainability, where the (Primavera Risk Analysis) program was used to clarify the impact of risks on project time and cost. All analyses are based on the theoretical background regarding risk, risk management process, and project life cycle approach in the sustainable construction sector. with the help of this study, it is possible to address ways of mitigating the harmful effects on the environment through the implementation of sustainable management in the planning of future projects and better management of current projects.

Risk monitoring and control is often poorly implemented in construction projects because of a failure to monitor and manage identified risks. Construction companies experience significant losses due to project managers' lack of project risk monitoring and control in construction projects. Most studies have concentrated on risk identification, risk assessment, and risk analysis processes while neglecting crucial risk management processes of risk control, risk monitoring, and risk response. The lack of research on these three crucial processes highlights a gap in the literature concerning how these processes can increase the delivery of successful projects. The purpose of this study was to examine whether the utilization of project risk monitoring and control practices was related to project success in construction projects in the United States. An electronic survey instrument was used to collect data from a sample of 50 construction project managers in the Dallas-Fort Worth area in the state of Texas, in the United States. Spearman rho correlation analysis was used to examine the relationship between project risk monitoring and control practices and project success. The results of this study indicated that all project risk monitoring and control practices, including risk reassessment, risk audits, contingency reserves analysis, and risk status meetings, were significantly and positively related to project success in construction projects. One of the recommendations presented in this study was that future research should conduct the same study in developing countries to see if the study’s findings remain the same and generalizable. The study concluded that construction organizations should regularly consider the importance and usage of project risk monitoring and control practices and apply them to improve the success rate of a project.