We suggest a fast and efficient 3D elastic full waveform inversion (FWI) algorithm based on the excitation amplitude (maximum energy arrival) of the P-wave in the source wavefield. It evaluates the gradient direction significantly faster than its conventional counterpart. In addition, it removes the long-wavelength artifacts from the gradient, which are often originated from SS correlation process. From these advantages, the excitation approach offers faster convergence not only for the S wave velocity, but also for the entire process of multi-parameter inversion, compared to the conventional FWI. The feasibility of the proposed method is demonstrated through the synthetic Marmousi and a real OBC data from North Sea.