The invention discloses a portable water level measuring device for water conservancy project reservoir operation management, which belongs to the technical field of water conservancy projects. The portable water level measuring device comprises a base, rotating frames are fixedly connected to the two sides of the upper end of the base, winding end plates are rotatably connected to the inward sides of the two rotating frames, a winding drum is fixedly connected between the winding end plates, a measuring chain is spirally wound on the winding drum, the measuring chain comprises a plurality of telescopic chain links, a connecting rope and a measuring core rope, the two sides of each telescopic chain link are fixedly connected with chain link hanging lugs, and the telescopic chain links are connected end to end. By arranging the measuring chain, when the measuring chain is used for measuring, a fixed rod body structure can reduce measuring errors caused by deformation of a measuring end during unwinding measurement, the accuracy of a measuring result is improved, reverse operation during winding can separate telescopic chain links, winding of the measuring chain is facilitated, the device is convenient to store and carry, and the practicability of the device is effectively improved.