A 3D model is established in this paper to simulate cutting process of PCBN tool cylindrical cutting hardened steel GCr15 using ABAQUS/Explicit. The model effectively overcomes serious element distortions and cell singularity in high strain domain caused by material large deformation by adopting shear failure criteria and element deletion criteria. In this study cutting force, cutting temperature, surface residual stress field as well as side flow are forecasted of hard cutting process with chamfering tool preparation. It shows that satisfactory results could be obtained by FEM. The simulation results provide theoretical basis for studying hard cutting mechanism and selecting the best cutting condition in practical.