The construction industry is one of the reliable indicators of economic and technological development. There are various overlapping uncertainties called risks that act as obstacles to this industry. In Iraq, projects are gaining a bad reputation due to exceeding duration and cost due to ignoring risks. As well, not dealing with them in a systematic approach. This study focused on applying risk management for construction projects in Iraq. This study aims to give a clear picture of the obstructing accidents through the procedures of identifying, risk assessment, allocation, and handling methods. Questionnaire techniques, interviews, and TOPSIS-SWARA methods were used to complete the stages of these procedures. 52 risks and 7 assessment criteria were distinguished. Also, the risks were classified according to their type into 9 groups. Results showed that the contractor's inefficiency is the most dangerous risk, followed by the risk of bad designs, then the contractor's financial failure. The study showed the government authority's important role represented in the legislation that reduces the risks to which construction projects are exposed. The study also made it clear that action and reaction tactics, without organization, and by using previous available experience, are the way to carry out the risk management implementation in construction projects in Iraq. The study recommended increasing the effectiveness of this governmental role through emphasizing licensing and classifying the contractors, quick in resolving disputes between the parties to the project, and reducing the overlapping of powers between the ministries and the governorates administration. In addition to that, inserting courses into the curricula in engineering colleges to increase awareness and apply risk management in construction projects.