This work presents an experimental study of tribological performance of electroless Ni-P coating under lubricated condition. Mild steel specimens are used as the substrate material for the deposition of Ni-P coating. Tribological tests are carried out based on L27 orthogonal array (OA) varying three test parameters viz. normal load, sliding speed and sliding time in a multi-tribotester using block-on-roller configuration in lubricated condition. The experimental results for friction coefficient and wear are analysed using weighted principal components analysis (WPCA). An optimal test parameter combination is found out for minimum wear and friction coefficient. It is seen that the optimum combination of parameters are found at higher level of normal load, sliding speed and sliding time at 99% confidence level. Finally, a confirmation test is carried out to validate the analysis.