A time domain rock mass parameter identification method considering the Rayleigh damping is proposed in this paper. Starting with a set of initial parameter values, the algorithm solves the finite-element (FE) equations updating the parameters in each iterative step until the result converges to a local optimum. Numerical FE analysis, displacement sensitivity analysis, and the truncated singular value decomposition method are integrated into the solution algorithm for parameter identification. The technique introduced is verified in numerical studies with in-situ experiments of rock mass structures. Our results show that the approach, compared with conventional methods, can reduce ambiguities caused by inadequate data and provide more accurate insights into the subsurface for rock mass quality evaluation.