This study investigates the relationship between Building Information Modeling (BIM) and knowledge management in large‐scale construction projects, emphasizing risk management, and increasing productivity. This study aims to identify the most important and impactful aspects of modern management techniques in the large‐scale construction sector to improve construction quality; focusing on cost reduction, energy conservation, and pollution reduction during construction. Employing a validated questionnaire from experts and the Analytical Hierarchy Process (AHP), the research prioritizes key factors, elucidating the pivotal role of BIM in understanding project geometry, efficient documentation, design flexibility, and reduced project delays. Ascertained through data analysis employing the pairwise comparisons method of the AHP analysis method, the compatibility of all comparisons and matrices arising from the decision‐making process of experts was below 0.1. The results establish BIM's technical capabilities, economic considerations, and pollution reduction as paramount, contributing significantly to improve large‐scale construction project risk management. The prioritization of the main criteria reveals their significance in the following order: BIM technical capabilities (0.281), BIM economic capabilities (0.231), pollution reduction (0.228), knowledge management capabilities (0.096), BIM time capabilities (0.090), and human resources management capabilities (0.074). BIM can improve risk management for large‐scale construction projects by: using the BIM model to understand the geometry and features of large‐scale construction projects; digitizing and organizing contract documents, project data, plans, work instructions, roles and responsibilities, cost, time, and energy analysis, and other project‐related documents for efficient project management; decreased duplication and project delays; reducing the need for on‐site personnel during implementation and CO2 emissions reduction. According to the results of the BIM model utilization to better understand the geometry and characteristics of large‐scale construction projects, the item was identified as the most significant and influential among the main components.