In order to predict the dynamic behavior of composite laminated plate accurately, the parametric identification is performed using its mechanical properties- $E_1,\;E_2,\;V_{12},\;G_{12}$ as design parameters. After natural frequencies are measured through simple vibration test, the objective function consists of the sum of errors between experimental and numerical frequencies of a structure. As optimization algorithm, conjugate gradient method is used to minimize the objective function. Sensitivity Analysis is performed to update design parameters during this process and can explain the result of parametric identification. In order to check the propriety of result, mode shapes are compared before and after identification. The improved prediction of natural frequencies of composite laminated plate is obtained with updated properties. For the application of result, updated properties is applied to the composite laminated plate that has different stacking sequence.