The enhancement of the precision of phase estimation in quantum metrology is investigated by employing weak measurement (WM) and quantum measurement reversal (QMR). We derive the exact expressions of the optimal quantum Fisher information (QFI) and success probability of phase estimation for an exactly solving model consisting of a qubit interacting with a structured reservoir. We show that the QFI can be obviously enhanced by means of the WM and QMR in different regimes. In addition, we also show that the magnitude of the decoherence involved in the WM and QMR can be a general complex number, which extends the applicable scope of the WM and QMR approach.