ABSTRACTA significant basis for winter wheat production in China is the North China Plain (NCP). However, winter wheat production is severely hampered by water shortages in this area. Transpiration co‐occurs with photosynthesis, affecting crop water productivity (CWP). The purpose of this experiment is to use Root Zone Water Quality Model (RZWQM2) to study actual transpiration (AT) and evaporation (AE) under different irrigation schedules and then determine its impact on grain yield and CWP. In the 2019–2022 winter wheat growing seasons, four experimental treatments were set up: no irrigation during growth period (I0), irrigation at jointing stage (I1), irrigation at jointing and anthesis stage (I2) and irrigation at jointing, anthesis and filling stage (I3), and the RZWQM2 model was calibrated and verified in this experiment. A higher yield (7840.90 kg/ha for an average of 3 years) and the highest CWP can be obtained in I2 treatment (increased by 12.72%, 5.98% and 4.28% for an average of 3 years, respectively, compared to the other three treatments). The model has a good simulation effect on soil water dynamic change and plant physiological performance of the four treatments; the model showed that irrigation increased the simulated AE and AT; however, reduced AE/actual evapotranspiration. For the whole growth period, AT in I3, I2, I1 and I0 was 351.70, 317.30, 271.50 and 223.70 mm, respectively. Especially in the late growth stage of winter wheat, the AT in I3 was 65.20 mm for an average of 3 years, which was significantly higher than I2, I1 and I0 by 31.60, 13.50 and 10.00 mm, respectively. Thus, I3 increased AT at the late growth stage of winter wheat and resulted in an increase in grain yield; however, it did not significantly increase CWP. This study demonstrated that irrigation at winter wheat jointing and anthesis stages can improve the CWP to achieve the goal of stable grain yield and water saving.