 This paper proposes an optimization model to identify and manage risks associated with new product development projects, NPDP. It also provides a robust baseline for the project by selecting the most appropriate version of the model from two versions developed. The first version estimates activity durations based on the expected value of the impact of risks, while the second version uses a judgmental risk analysis process. The model is then applied to a case study and the best version is selected using a robustness indicator, which analyzes the start times of the baselines generated. This article was authored by Nestor Rollarty's Pamiento and Francisco Javier Diaz-Serna.