There is provided herein a system and method for implementing a track-specific CPU load meter or a similar track-specific indication of CPU performance in a multi-track multimedia-editing environment. The instant invention is preferably presented to the user in the form of a real time meter for use in multi-track multimedia editing applications, wherein the CPU usage associated with sounding/playing each track will be separately displayed in near or actual real time as the musical work is performed. The system allows the user to instantly determine the CPU load for each particular track of the multi-track environment of the underlying application and therefore allows the user to more quickly identify potential problems in the multi-track arrangement and playback of the multimedia work.