Based on the methods of investigation and statistical analysis, the key project conducted in the Shiyang River Basin in Minqin County and the related management measures as well as the project's effects were evaluated. The results show that the goals of strict management and efficient utilization of water resources were preliminary achieved through the implementation of seven measures as follows: refining the water rights, jointly scheduling atmospheric water, surface water, and groundwater, distributing water according to the rounds quota, implementing the differentiated water price policy, promoting the efficient water-saving technology, adjusting the agricultural planting structure, and clarifying water rights and responsibilities. In addition, the implementation of the responsibility system and supervision and inspection were effective administrative measures to promote the fine management of water resources. Township water resources management offices were important organizational guarantee measures for the effective implementation of water allocation schemes, and the water resources measurement monitoring facilities were the effective means for water management. Furthermore, the agricultural planting structure should be adjusted in time according to the dynamic trends of water rights and agricultural products, and a dynamic water-saving and efficient planting structure model should be gradually formed in order to consolidate the results of water resources management and promote the sustainable utilization of water resources. On the other hand, the promotion of drip irrigation and development of facilities in agriculture and animal husbandry were strategic measures to alleviate the contradiction between supply and demand of water resources in arid areas with water shortage, which will also help to promote sustainable and efficient utilization of water resources, to consolidate the results of ecological restoration, and to promote the virtuous cycle of ecological environment.