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72  Relevant – appropriate to the subject at hand.  Economic – available at reasonable cost.  Adequate –provide a sufficient basis to assess performance.  Monitorable – amenable to independent validation. Indicator Tracking Table An indicator tracking table (ITT) also known as indicator performance tracking table (IPTT) is a systemic tool used to tracking progress and impact the project, programme or policy is making, relative to the agreed and set targets. This tool is an important element of a comprehensive M&E system because it helps report on project progress and on impact made. There are broadly two kinds of indicators which cover the types discussed above which are outlined in the ITT. These include:  Impact indicators – these measure the project’s achievements of the desired impact of a project’s sub-components. These are found at the outcome level (goal and objective levels).  Progress indicators – these measure improvements or progress made in implementing activities. These are found at the implementation (mechanism) level (input, activity, outputs levels). Progress indicators are measured more frequently (e.g. weekly, monthly or quarterly, depending on the nature of indicators) compared to impact indicators which are measured infrequently (e.g., annually, at mid-term or end of project). ITT Format There is no single format for the ITT. Different organisations will use different formats depending on needs of different stakeholders. However, at a minimum, the ITT should include:  Column 1 : a list of impact and progress indicators.  Column 2 : baseline and benchmark information upon which indicators will be measured against – point of reference.  Column 3 : series of columns of project years divided into quarters or months (depending on project length). This columns show indicators progress in a project life cycle.  Column 4 : difference to target – this shows the difference to target compared to what has been achieved so far in the project. This difference changes every time data on an indicator is collected and imputed in the ITT.