Object Oriented design isn't the same thing as software engineering. Software engineering has to do with the entire process of how we go from requirements to a working system, on time and with a low defect rate. Functional programming may be different from OO, but it does not do away with requirements, high level and detailed designs, verification and testing, software metrics, estimation, and all that other "software engineering stuff".
Furthermore, functional programs do exhibit modularity and other structure. Your detailed designs have to be expressed in terms of the concepts in that structure.
