High and steep slopes which have developed fractures and intercalations are a great threat to the operation of dams and reservoirs. In this work, the geological conditions and potential modes of failure of the slope found in the right bank of Suofengying hydropower station are investigated for the slope stability and the results are presented. In order to strengthen the slope, an innovative stabilization scheme is employed. The stabilization techniques include development of anti-shear tunnels, anti-slide piles, anchor cables, concrete support structure, etc. Further, the slope stability and reinforcement effects using various stabilization techniques are studied by using finite element strength reduction method. Moreover, in situ monitoring is carried out and the data obtained is analyzed. From the results, it is observed that the deformations that are detected using multipoint extensometers have decreased after the installation of remedial reinforcements. From the analysis of remedial reinforcement methods, it is found that the most critical reinforcement is the development of anti-shear tunnels. In order to monitor the stresses in stirrups and the propagation of cracks in the anti-shear tunnels, three levels of safety monitoring index are proposed. The safety monitoring index is developed based on the results obtained by the simulation of the process of failure of the reinforced slope. The developed safety monitoring index is further applied to the Suofengying project in order to evaluate the overall stability of the slope. The results obtained by monitoring indicate that the performance of the reinforcement structures is satisfactory and the slope has better stability. The methodology proposed in this work shall be useful for similar projects to obtain stability of slopes.