We present a detailed theoretical heat transfer model for the entire rotational molding process (including heating and cooling stages) and identify the key dimensionless groups affecting the process cycle time. This theoretical model is employed to generate numerical results that are in very good agreement with the experimental data available in the literature. The effects of variations in the dimensionless groups on the cycle time are evaluated. In addition, part shrinkage has been incorporated in the models, and its effect on the process cycle time has been studied extensively.