The concept of improving building performance has, for all prac-tical purposes, always existed at what might be deemed the soci-etal level. If engineered systems do not perform as society andusers deem acceptable, these systems do not continue to be con-structed and are eliminated over time. The inadequate systems arereplaced by improved ones whose performance is expected to bemore acceptable to the stakeholders and to society. In moderntimes this evolution manifests itself as revisions and updates toprescriptive design codes, which typically are anywhere from oneto seven years apart.The impetus to formalize performance-based design PBDhas its roots in Housing and Urban Development’s “OperationBreakthrough” of the 1970s NBSIR 1977 whose goal was toenable product innovation via industry. However, the wood indus-try, particularly home building, did not fully embrace innovationsfor increased performance since they often resulted in highercosts. Subsequently, these higher costs were not tolerated by themarketplace and thus the innovations were not implemented. Arecent Structural Engineering Institute SEI special project en-titled “Keeping Pace with ASCE 7” examined the reliability in-dexes inherent in the ASCE16-95 standard ASCE 1996; Bulleit2006 . The ASCE 16-95 committee of the SEI of the AmericanSociety of Civil Engineers ASCE has the option to move be-yond load and resistance factor design LRFD and spearhead thenext generation of standards for wood design, specifically aperformance-based standard. Following the aforementioned SEIspecial project, the SEI/ASCE committee on Reliability-basedDesign of Wood Structures embarked on a two-year specialproject entitled “The Next Step for AFP 2 continued occupancy; 3injury/life safety; 4 general structural integrity; and 5 manage-able loss/damage. Each discussion will address the hazard char-acterization, performance descriptors that align with the fiveperformance levels, model complexity required for analysis, de-sign procedure verification, and how these performance-basedanalyses can be extended to design. This discussion order is sum-marized in Fig. 1.Performance-based design has been defined in a variety ofways, including an engineering approach based on: 1 specificperformance objectives and safety goals of building occupants,owners, and the public; 2 probabilistic or deterministic evalua-tion of hazards; and 3 quantitative evaluation of design alterna-tives against performance objectives. However, PBD does notprescribe a specific technical solution Ellingwood 1998 . Perhapsa more practical definition, related to seismic design, is that givenby Nathan Gould of ABS Consulting: “PBSD Performance-Based Seismic Design is the seismic design methodology of thefuture. It allows the design team to work together to determine theappropriate levels of ground motion and performance objectives