A method for wellbore construction management includes measuring at least one drilling operating parameter during drilling of a wellbore. At least one well state parameter is calculated from the measured drilling operating parameter. A difference between the calculated well state parameter and a predetermined value of the well state parameter is determined. When the difference exceeds a selected threshold a modified well plan is calculated comprising at least one drilling task to enable construction of at least part of the wellbore to conform to the modified well plan. The at least one drilling task is displayed to a user.