The United Nations published a report in May 2023 that highlighted circularity concepts in wood construction. They noted a problem of resistance to deconstruction with the intention of reusing wood elements. That resistance is partly due to the perception of the value, or rather lack of value, within the deconstruction process. However, if deconstruction can disassemble a building and recover the wood elements, it has created a valuable commodity. Value engineering principles can be used to analyze a process or service to maximize value. Value engineering has been applied in the construction industry but not to evaluate the deconstruction process. In this study, the value engineering functional analysis is applied to the process of disassembling a building and the recovery of wood and timber for reuse in the construction industry. The Function Analysis System Technique (FAST), a core element of value engineering, is used to identify primary and secondary functions. These functions are mapped onto the typical process used in building disassembly and recovery of wood and timber elements. The result is a process map that shows the contribution of the value-added steps in the process and identifies the non-value-added steps in the process. These results can be used to improve the design of disassembly and recovery processes to ensure the focus of the deconstruction process is on the value-added effort and that resources allocated to non-value-added efforts are minimized.