This research is aimed to develop a 10-year risk prediction model and identify key contributing Cardiovascular Disease (CVD) risk factors. A Cox proportional hazard regression method was adopted to design and develop the risk model. We used Framingham Original Cohort dataset of 5079 men and women aged 30 - 62 years, who had no overt symptoms of CVD at the baseline. Out of them, 3189 (62.78%) had an actual CVD event. A 10-year CVD risk model based on multiple risk factors (such as age, sex, body mass index (BMI), hypertension, systolic blood pressure, cigarettes per day, pulse rate, and diabetes) was developed in which heart rate was identified as one of the novel contributing risk factors. We validated the model via statistical and empirical validation methods. The proposed model achieved an acceptable discrimination and calibration with C-index (receiver operating characteristic (ROC)) being 0.71 from the validation dataset.