This report is made up of seven chapters relating to Partnership for Assessment of Readiness for College and Careers (PARCC) performance level setting (PLS). Chapter one describes the goals of the PARCC program, content standards measured by PARCC, PARCC performance levels, and components of the PARCC system. Chapter two discusses the goals of setting performance standards, evidence-based standard setting, the PARCC performance level setting process, and changes to the performance level setting process. Chapter three provides details about the development of the performance level descriptors (PLD) that were used throughout the PLS process. Sections in this chapter discuss what performance level descriptors are, performance level descriptors and college- and career-readiness determination, approach to performance level descriptor development, and revision of the performance level descriptors. Chapter four provides details about Steps 2 and 3 of the PARCC performance level setting process, which focus on developing and conducting research studies. Chapter five provides details about Step 4 of the PARCC PLS process, which focuses on convening the pre-policy committee and developing "reasonable ranges" based on the PARCC research studies. Chapter six discusses step 5 of the performance level setting process, which focuses on convening performance level setting meetings. Finally, chapter seven details the process used for reviewing performance standards for reasonableness.