Power systems that are highly loaded, especially by a stochastic supply of renewables and the presence of storages, require dynamic measurements for their optimal control. Phasor measurement units (PMUs) can be used to capture electrical parameters of a power system. Standards on the PMU dynamic performance have been modified to incorporate their new dynamic mode of operation. This paper examines the PMU dynamic performance and proposes essential algorithms for measurement accuracy verification. Measurements of dynamic input signals, which vary in amplitude or frequency, were taken during automated tests of two PMUs. The test results are presented and expounded with further recommendation for the performance requirements. This paper also presents and examines applied testing procedures with relevance to the specifications of the IEEE Standard for Synchrophasor C37.118.1™-2011 and its amendment C37.118.1a™-2014.