This study explores the integration of Hierarchical Analysis (HA) into risk management frameworks for construction projects in emerging markets. To evaluate the relative significance of various risk factors, the Analytic Hierarchy Process (AHP) is applied
using data gathered from surveys completed by 60 industry professionals operating in emerging economies. While safety remains a critical component of construction projects, it is ranked as the lowest-priority factor, indicating that safety protocols are widely
perceived as standardized and effectively managed within the construction industry. The findings underscore the potential of HA as a structured and systematic tool enabling construction managers to allocate resources judiciously, enhance decision-making,
and mitigate risks, without adversely impacting project timelines, budgets, or quality standards. The methodology offers significant advantages in emerging markets, where frequent uncertainty and resource constraints pose challenges to the successful delivery of projects. Ultimately, the study highlights the importance of adopting a systematic risk management approach that empowers project managers to better navigate construction complexities, thereby enhancing outcomes and overall project efficiency. The AHP analysis reveals that time management is the most critical factor, accounting for 33% of the total
weight, followed by cost management (27%) and quality (21%). Within the cost criterion, material expenses emerge as the most significant sub-factor, comprising 50% of the weight. Similarly, under the time criterion, construction speed is given the
highest priority, receiving 60% of the weight. Among risk factors, financial risks are assigned a weight of 47%, while environmental risks receive 32%. Safety, although essential, is weighted lowest at just 5%, indicating its perceived standardization within the industry.