This paper identifies the functions of facilities management (FM) in value management (VM) studies in Malaysia. Most previous research in this area has discussed the history, evolution, knowledge, challenges, and contributions of FM in both the private and the public sectors, yet it is also essential to explore the benefits of FM involvement and the drawbacks of FM non-involvement in VM studies during the pre-construction stage in Malaysia. This paper provides an overview the FM manager’s roles in a VM workshop based on a review of literature collected and compiled from various publications. The study contributes to current knowledge by addressing the five elements of FM functions and their impacts on VM studies. The findings will enhance project, product, and service value by illustrating the importance of FM functions in a VM study.