Exploring the quantum chromodynamics (QCD) phase diagram at finite bayron density regime through the beam energy scan (BES) program at the relativistic heavy-ion collider (RHIC) is one of the key frontiers in high energy nuclear physics. The high precision data anticipated from the second phase of the BES program would potentially enable the discovery of the conjectured QCD critical point, a landmark point on the phase diagram. In this paper, the progress made by the beam energy scan theory (BEST) collaboration, which was formed with the goal of providing a theoretical framework for analyzing data from BESII, is reviewed. In addition, the challenge of investigating the QCD phase diagram with future facilities is discussed.