In the present study, a practical method to predict cavitation erosion, which caused a critical damage on hydraulic machineries, was developed. Impact and critical velocities were defined to develop a practical method for the prediction of cavitation erosion. To develope the practical method, the computational fluid dynamics (CFD) was introduced. Cavitating flows with erosion in a converging-diverging nozzle and around a hydrofoil were simulated by developed and validated code. Based on the CFD results, the cavitation erosion coefficient was derived by a curve fitting method. The cavitation erosion coefficient was formulated as the function of the cavitation and Reynolds numbers. A cavitating flow in an axisymmetric nozzle followed by radial divergence was simulated to validate the developed practical method. For the application to a propeller, a cavitating flow around a propeller was simulated. Predicted damage extent showed similar with damaged full-scale propeller blade.