When deep excavation adjacent to an existing structure is performed, it is very important to minimize damage on the structure through the prediction of ground movement. In this paper, finite element analysis was performed to predict the ground movement, based on the data from site investigation and laboratory tests, when deep excavation close to a buried water tank was carried out in soft clay ground. The movement and stabilities of the soil-cement wall(SCW) and the adjacent structure were checked using the results of the analysis and the field measurement. The comparison between the measured and the predicted ground movements showed the significance of the excavation procedure and lowering of water level in the analytical model. In the future, it is needed to improve the prediction method for better estimation of the ground movement.