Wide Area Control (WAC) of power systems is highly depended on synchronized measurements provided by the Phasor Measurement Units (PMUs). However, the contemporary measurement chain and the communication network are far from ideal. Therefore, it is essential to identify the impact of the availability and quality of the synchronized measurements, on the wide area controller's performance. This paper examines the effect of measurement errors and delays/dropouts on the damping capability of the wide area controller. The measurement errors considered in this work are according to the dynamic compliance requirements of the PMU during disturbances as it is imposed in the IEEE Synchrophasor Standard C37.118.1-2011. The delays are separated into measurement and feedback delays. The results indicate that delays along with dropouts deteriorate significantly the WAC performance, while the consideration of only the measurement errors (steady-state and dynamic) in the simulation environment has a minor effect on its operation. For this reason, a linear predictor is proposed to compensate effectively and timely all the system's delays. The case studies are conducted on the IEEE 39-bus system and evaluated through the Prony analysis tool.