This research applied a numerical code, RFPA2D (Realistic Failure Process Analysis) to evaluate the stability and investigate the failure mode of the high rock slope during excavations based on Strength Reduction Method (SRM). The corresponding shapes and positions of the potential slip surfaces are rationally simulated in different stages, and the related safety coefficients are obtained, which agrees well with the allowable minimum safety factors of the slope. The numerical results show that the safety coefficient drops from 1.25 at the natural state to 1.09 after excavation, and then increases to 1.35 after slope reinforcement. Moreover, the potential slip surface of the left bank moves into deep rock mass after taking support measures, which demonstrates the reinforcement is reasonable and efficient. The study shows that cracks and faults will cause crucial influences on the slope stability, and RFPA2D is a good tool to directly display the potential slip surface of the slope, which will offer valuable guidance for bolt support.