We introduce a progressive and iterative method for B-spline curve and surface approximation, incorporating parameter correction based on the Newton iterative method. While parameter corrections have been used in existing Geometric Approximation (GA) methods to enhance approximation quality, they suffer from low computational efficiency. Our approach unifies control point updates and parameter corrections in a progressive and iterative procedure, employing a one-step strategy for parameter correction. We provide a theoretical proof of convergence for the algorithm, demonstrating its superior computational efficiency compared to current GA methods. Furthermore, the provided convergence proof offers a methodology for proving the convergence of existing GA methods with location parameter correction.