The up and coming multimedia services are based on real-time high-speed networks. For efficient operation of such services, real-time and precise network management is essential. In this paper, we show that presently available MIB designs are severely inadequate to support real-time network management. We point out and analyze the management constraints and bottlenecks. The concept of quality of management of management information is introduced and its importance in practical network management is discussed. We have proposed a new MIB architecture that will raise the quality of management information to meet the requirements of managing high-speed networks and multimedia services. Experimental results from a prototype implementation of the new MIB architecture are presented.