Inspection Accuracy:

Project management status report is provided in a particular way. As an a example, consider the criteria for doctor to monitor health , he or she checks pulse, temperature , blood pressure  and so on. Similar way, a project needs mixture of criteria. If the ground covered in methodologies and literature is distilled  on  project  management,  there  are  six  criteria  that  constantly emerge, they are as follows:

• Time (How are we going against schedule).
• Cost (How are we going against budget).
• Resources (How much time are we spending on the project).
• Scope (Is the scope steady in line with expectations).
• Quality (Are we reviewing and fixing quality problems).
• Actions (Do we have action items outstanding).
• By having a look at the performance against these six criteria as a project dashboard, a view of the parts of the project that are Okay and that are not Okay can be formed.

• Before the start, rules need to be set. For Example, As far as cost is concerned one might decide to have a budget of Rs1000k over 10 months and would spend Rs100k per month. After 6months, an expenditure of Rs600k must be saved. If it's fewer than 105% of budget to that point, the traffic light should be green. If it's in between105% and 115% it is yellow and over 115% it is red.

• Dash board metric like these must be set before the start of any project (or revise them at any time during the project); to manage the color changes in the lights. This doesn't mean that they should always stay green; the intention is to agree with the guidelines upfront in conjunction with the sponsor.
• Inspection accuracy depends on the following points:
• Inspection tasks having high degree of monotony are particularly subjected to high error rates.