Injection mold is a manufacturing process used to produce parts of complicated shape at a low cost. Many factors affect the quality of injection molded part during injection molding process. A study on the optimization of injection mold is progressed by using a simulation software like Moldflow. Filling, packing and cooling phases of injection molding processes are analyzed according to the mold design considering the shrinkage of molded part, the degree of filling rate and the wearing of a mold. Taguchi method is applied to analyze the significance of processing parameter and the dynamic characteristics according to the variation of processing parameters. From the results, the mold temperature and packing pressure influenced the shrinkage of injection molded part.