The aim of this study is to predict the influenced zone of deep excavation on adjacent tunnel displacement, evaluate the control effect of ground improvement, and give the optimal parameters for ground improvement. Based on the current research, a series of finite element method (FEM) numerical simulations were conducted to study the deep excavation-induced tunnel displacement behaviors, considering different tunnel positions outside the pit. On this basis, the influenced zone of deep excavation on an adjacent tunnel was divided corresponding to 3-level tunnel displacement control standards. Then, the commonly used control measure of ground improvement was chosen to study the effects of strength, depth, and width of the improved soil outside the pit on the displacement behaviors of the tunnel. An index of tunnel displacement control effectiveness (η) was proposed to quantitively characterize the control effect on tunnel displacement. Considering the control effect and engineering economy, the suggested values of strength, depth, and width of the improved soil were provided. Finally, the control effect of ground improvement outside the pit on the influenced zone of deep excavation was studied using the suggested parameters. The research indicates that the range outside the pit can be divided into: I—primary influenced zone, II—secondary influenced zone, III—general influenced zone, and IV—weak influenced zone. Considering the control effect and engineering economy, it is suggested that the ground improvement strength should be kept within 1.5~2 MPa, the ground improvement depth should be 2 times the excavation depth, and the ground improvement width should be increased as much as possible if the site condition allows. After the ground improvement using the suggested parameters, the scope of the influenced zone of deep excavation is reduced and the I—primary influenced zone no longer exists.