This paper introduces an improved numerical approach for evaluating moisture balance on concrete surface which can initiate plastic shrinkage cracking on the surface of fresh concrete in concrete slab. Because plastic shrinkage cracks occur when the tensile stress induced from the surface drying of concrete exceeds the tensile strength in the freshly placed concrete, moisture balance calculated by the introduced approach can be used as the primary indicator for plastic shrinkage cracking. The numerical approach introduced in this paper therefore emphasized an exact evaluation of bleeding and evaporation on the concrete surface. In determining bleeding, the approach introduced in the previous study was improved through the consideration of additional influencing factors of the accelerator and steel fiber and the supplementation of additional experimental data. For reliable prediction of evaporation, an empirical relation was newly introduced. The reduction of evaporation rate with time was taken into consideration, and the use of the weighed characteristic velocity rather than the direct application of the wind velocity was recommended. Determination of an exact distribution for the weighed characteristic wind velocity on the surface of a concrete slab was based on computational fluid dynamic (CFD) analyses. In particular, the effect of installing a windscreen along the sides of the concrete slab was intensively examined. Upon verification of the introduced numerical approach through correlation studies between experimental data and numerical results, additional parametric studies were also performed to numerically examine the relative contribution of each influencing factor in plastic shrinkage cracking. Moreover, the introduced approach can effectively be used for the on-site prediction of surface drying time of a concrete slab and for the preparation of a proper curing strategy to mitigate plastic shrinkage cracking.