The purpose of this study is to explore the perceptions of parents and teachers regarding the success of a standards-based grading initiative in meeting its goals. Furthermore, findings from this study will be used to inform decisions made in future grade level implementations. Standards-based grading meets all criteria for a problem of practice. The literature situates standards-based grading as a high impact strategy that can affect the entire system. This mixed-methods study will be used to determine practical changes for a school implementing standards-based grading. This study found parents positively responded to the change, and parents understood their child's current performance levels. Teachers also positively responded to the change, but had a much larger change involved. The study specifically found that better tools and assessments were needed to successfully implement the program. Suggestions for practitioners and modifications to the program are included in the study. Three appendices are included. [The dissertation citations contained here are published with the permission of ProQuest LLC. Further reproduction is prohibited without permission. Copies of dissertations may be obtained by Telephone (800) 1-800-521-0600. Web page: http://www.proquest.com/en-US/products/dissertations/individuals.shtml.]