Progressive damage and failure in open hole composite laminate coupons under tensile and compressive loading conditions is modeled using Enhanced Schapery Theory (EST). The input parameters required for EST are obtained using standard coupon level test data and are interpreted in conjunction with finite element (FE) based simulations. The capability of EST to perform the open hole strength prediction accurately is demonstrated using three different layups of IM7/8552 carbon fiber composite. A homogenized approach uses a single composite shell element to represent the entire laminate in the thickness direction and this requires the fiber direction fracture toughness to be modeled as a laminate property. The results obtained using the EST method agree quite well with experimental results.