In the present work, the performance of multilayer coated carbide tool was investigated considering the effect of cutting parameters during turning of 34CrMo4 Low alloy steel. It has high strength and creep strength, and good impact tenacity at low temperature. It can work at –110°C to 500°C. And EN 10083-1 34CrMo4 owns high static strength, impact tenacity, fatigue resistance, and hardenability; without overheating tendencies. The objective functions were selected in relation to the parameters of the cutting process: surface roughness criteria. The correlations between the cutting parameters and performance measures, like surface roughness, were established by multiple linear regression models. Highly significant parameters were determined by performing an Analysis of variance (ANOVA). During the experiments flank wear, cutting force and surface roughness value were measured throughout the tool life. The results have been compared with dry and wet-cooled turning. Analysis of variance factors of design and their interactions were studied for their significance. Finally, a model using multiple regression analysis between cutting speed, fee rate and depth of cut with the tool life was established.