DYNAMAP, a European Life project, aims at giving a real image of the noise generated by vehicular traffic in urban areas developing a dynamic acoustic map based on a limited number of low-cost permanent noise monitoring stations. The system has been implemented in two pilot areas located in the agglomeration of Milan (Italy) and along the Motorway A90 (Rome-Italy). The paper reports the final assessment of the system installed in the pilot area of Milan. Traffic noise data collected by the monitoring stations, each one representative of a number of roads (groups) sharing similar characteristics (e.g., daily traffic flow), are used to build-up a “real-time” noise map. In particular, we focused on the results of the testing campaign (21 sites distributed over the pilot area and 24 h duration of each recording). It allowed evaluating the accuracy and reliability of the system by comparing the predicted noise level of DYNAMAP with field measurements in randomly selected sites. To this end, a statistical analysis has been implemented to determine the error associated with such prediction, and to optimize the system by developing a correction procedure aimed at keeping the error below some acceptable threshold. The steps and the results of this procedure are given in detail. It is shown that it is possible to describe a complex road network on the basis of a statistical approach, complemented by empirical data, within a threshold of 3 dB provided that the traffic flow model achieves a comparable accuracy within each single groups of roads in the network.