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This paper reports on the findings of a study on value management (VM) applications in the Malaysian construction industry.  A questionnaire survey of 7 pages was sent to 5581 numbers of registered developers, architects, engineers, quantity surveyors and project managers to seek their experience on VM applications. A return rate of 7.5 per cent or 411 numbers of respondents were received. 

During the process of investigation on the evolution in Malaysia, it was discovered that the global evolution of VM did influence the Malaysian construction industry as majority of the public universities had ensured that VM methodology knowledge has been integrated into their syllabuses, thus the future construction industry practitioner has had the basic knowledge on VM methodology provided which should have equipped them for producing a better functionally, and better value for money construction projects.

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Abstract. Facilities management in Malaysia has been practiced for decades. The development of its formal practice parallels the improvement of the built environment in the nation. Involvement of the public and private sectors teaming up in arranging the National Asset and Facilities Management (NAFAM) in demonstrates the vital collaboration in the facilities management area in Malaysia. Facilities management is seen distinctively as indicated by diverse geographical locations, interests and schools of thought. Facilities management is delegated a service-based industry which gives proficient counsel and administration of clients' building facilities including residential, commercial, industrial, airports terminals and offices. The aim of this paper is to review the gaps that exist, especially on how FM is being practice in comparison with the published FM body of knowledge. Very relying upon literature, this paper discovered a gap that is an unclear description of current FM applications. This research aims to give new bits of knowledge to upgrade comprehension of FM execution in Malaysia.