Based on the Su'nan canal "four to three" channel upgrading project in Changzhou, and it's revetment structure composed of vertical steel sheet pile and anchor, the reasonable calculation parameters of soil has been obtained through inversion analysis. Based on the result of the inverse analysis, dynamic construction factors was considered. Also, three work progresses have been analyzed successively combined under practical engineering condition. Monitoring displacement of the piles was compared with the analyzed result to make sure the safety of each work progress. The results show that the simulation results are in good agreement with the measured values, which indicates that the inversion results are credible and can provide reference for similar projects.