The invention provides a shield tunnel construction ground settlement control method, which includes the stages of construction preparation, trial excavation, formal excavation and shield tail leakage. The method particularly includes: using an initially tunneling section of front 100m as a trial tunneling section, dividing the trial put section of 100m into three sections, establishing control measures for tunneling for the third section, control for ground settlement and tunnel axes, lining installation quality and the like, and basically mastering construction parameters including tunneling speed, the volume of excavated earth of each turn, the water injection rate of each turn, shield deviation rectifying amplitude, synchronous grouting amount and slurry quality; and determining a shield tunneling axis according to the construction parameters measured at the construction preparation stage, and performing formal excavation according to the shield tunneling axis. By the aid of the construction technique, a reinforcing and moving range can be narrowed to the minimum extent, shield construction is performed at a uniform speed in a balanced manner, disturbance of shield tunneling change to soil is decreased, the overall construction cost of a project is reduced, and the requirement of ground settlement control is met.