The spatial changes of water construction objects are surveyed by geodetic methods within the technical and safety supervision of water constructions. To better understand the behaviour of the area of interest beneath the upper reservoir of the pumped storage hydro power plant (PSHPP) Cierny Vah, a deformation analysis of this area was realized. The stability or instability of the geodetic network points and the adjacent area was verified. The estimations of determined parameters of geodetic network were obtained on the basis of stage adjustment of GNSS observations, by applying the LSM method, robust M-estimation according to Huber and robust M-estimation according to Hampel. The analysis of incurred discrepancies (differences) in the position of points, whether they are the results of accumulation of measurement and systematic errors or they represent a local deformation of the area, was the last objective of this papier. The analysis of the results obtained from processing was performed by the method of finite elements in the form of strain analysis, to present the dynamics of the area underneath the water reservoir. The results obtained by applying estimation methods correspond to their graphical analysis. The use of Huber's. and Hampel's robust M-estimates is an alternative to the application of ISM method, which has a versatile use in practice, in various areas of professional disciplines.