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Construction waste management is a global concern not only because it impacts the financial efficiency of construction projects, but also because of its negative influence on the environment. The construction industry is a major contributor to environmental pollution due to its carbon footprint and greenhouse gas emissions. Thus, effective construction waste management solutions are required for sustainable development by preventing material waste. Hence, this study employed the Analytical Hierarchy Process to prioritize the possible construction waste, factors leading to its generation and the most effective IR 4.0 solution. A questionnaire was constructed, and after refinement, it was then distributed among the engineers, contractors, professors, and other industry professionals. The results from the analysis provide us with the list of factors ranked on their comparative weightage and score. The wastage of cement due to moisture is found to be the highest ranked potential waste. Moreover, changes in orders by the client are termed as the most highly ranked cause of rework and material wastage. Similarly, the Industrial Building Systems are the best solution for efficient construction waste management that Industrial Revolution 4.0 can provide. The results of this study can help to enhance project control by providing information on possible construction wastes and the factors that lead to their generation.