Answer 1

A quantitative assessment of the degree to which a software product or process possesses a given attribute

Answer 2

A specific test to determine if a goal is being met or not. High level measures tend to focus on profits, revenues, product output figures and growth. As measures are subdivided they tend to focus on whether specific sub-processes are achieving their output goals. Very specific measures may check to determine if the steps within an activity are being performed correctly or if decisions are being made according to rules and policies.