The Graduate School of Business and Public Policy GSBPP is committed to a process of continuous improvement throughout all business practices, to include its present approach to facilitating student capstones i.e., projects and theses. The first step in any process improvement effort is to accurately define the existing, as-is state of the process to be improved. The project team seeks to describe the existing GSBPP approach to facilitating student capstones through careful data collection and analysis from multiple sources, including the GSBPP exit survey, archived GSBPP capstones, faculty advisement data, faculty interviews, and a new GSBPP student survey in order to detail the capstones process, content, and value to multiple stakeholders. The project team also employs the Plan-Do-Study-Act framework for continuous process improvement throughout. It is not within the scope of this report to understand, control, or improve the current GSBPP approach to facilitating student capstones. Rather, this report only collects and presents data about the current approach so that GSBPP can understand it, control it, and improve it insofar as GSBPP finds it advantageous to do so.