Use of weight-saving materials to produce lightweight components with enhanced dimensional control is important to the automotive industry. This has increased the need to understand the material behavior with respect to the forming process at the microstructural level. A test matrix was developed based on the orthogonal array of Taguchi design of experiment (DOE) approach. Experiments were conducted for the V-bending process using 6022-T4 AA to study the variation of springback due to both process and material parameters such as bend radius, sheet thickness, grain size, plastic anisotropy, heat treatment, punching speeds, and time. The design of experiments was used to evaluate the predominate parameters for a specific lot of sheet metal. It was observed that bend radius had greatest effect on springback. Next, finite element simulation of springback using ANSYS implicit code was conducted to explore the limits regarding process control by boundary values versus material parameters. 2-D finite element modeling was considered in the springback simulations. A multilinear isotropic material model was used where the true stress-strain material description was input in discrete form. Experimental results compare well with the simulated predictions. It was found that the microstructure of the material used in this study was processed for sheet metal forming process.