Measurement:

1. the act of measuring
2. a measured dimension
3. extent, size, etc., ascertained by measuring

Measure:

1. to ascertain the extent, dimensions, quantity, capacity, etc., of, esp. by comparison with a standard.
2. to estimate the relative amount, value, etc., of, by comparison with some standard.
3. to judge or appraise by comparison with something or someone else.