Precision injection molding of high performance components requires primary error sources affected the molded component to be identified and isolated such that these errors can be reduced if needed. To systematically isolate and quantify the contribution of misalignment, thermal variation and component warpage to the accumulated error observed on the component, a methodology is presented and tested around an existing mold which produced parts with high dimensional variability. The mold featured two concentric guide pillars on opposite sides of the parting plane and rectangular centering block elements at three locations. Mold displacements at the parting plane were measured through the incorporation of three eddy-current linear displacement