In a PWR rod cluster control assembly(RCCA) for shutdown is released upon action of control rod drive mechanism and falls down through the guide thimble by its weight. Drop time and impact velocity of the RCCA are two key parameters with respect to reactivity insertion time and the mechanical integrity of fuel assembly. Therefore, the precise control of drop time and impact velocity is prerequisite to modifying the existing design features of the RCCA and guide thimble or newly designing them. During its falling down into the core, the RCCA is retarded by various forces acting on it such as fluid resistance caused by the RCCA movement, buoyance and mechanical friction caused by contacting inner surface of the guide thimble, etc. However, complicated coupling of the various forces makes it difficult to derive an analytical dynamic equation for the drop time and impact velocity. This paper deals with the development of a computer program containing an analytical dynamic equation applicable to the Korean Fuel Assembly(KOFA). The computer program is benchmarked with an available single control rod drop tests. Since the predicted values are in good agreement with the test results, the computer program developed in this paper can be employed to modify the exiting design features of the RCCA and guide thimble and to develope their new design features for advanced nuclear reactors.