The present paper deals with the first ply failure analysis of the laminated composite plates under various static and dynamic loading conditions. Static analysis has been carried out under patch load and triangular load. The dynamic failure analysis has been carried out under triangular pulse load. The formulation has been carried out using the finite element method and a computer code has been developed. The first order shear deformation theory has been applied in the present formulation. The displacement time history analysis of laminated composite plate has been carried out and the results are compared with those published in literature to validate the formulation. The first ply failure load for laminated composite plates with various lamination schemes under static and dynamic loading conditions has been calculated using various failure criteria. The failure index-time history analysis has also been carried out and presented in this paper.