Primary manufacturing processes like casting, forming, and shaping (forging, rolling, drawing, extrusion, sheet forming, and molding) further need any of the secondary manufacturing processes like turning, drilling, boring, planing, milling, grinding, etc. In order to produce superior quality products, and to enhance productivity, the selection of desirable process parameters is significant. The selection of suitable process parameters is essential for accomplishing the desired component. Based on the existing literature, this study examines the causes, effects, and variances regarding chip formation, tool geometry, thrust force, torque, surface roughness, drilling time, and other drilling quality characteristics in the most typical machining operations such as drilling. Developing a repository on these process parameters will guide the process planning engineer for ready reckon. Therefore, this work aims at the development of a detailed repository with the study of characteristics. Further, this literature review comprehends the characteristics of a behavior with its reasoning, which was detailed in the past decade. It reveals the beneficial process parameters for achieving better production rate and superior quality.