Abstract: A user can define an evaluation algorithm at a borehole system using sensor parameters collected at one or more locations throughout the borehole and equipment used at the borehole. The evaluation algorithm can implement statistical analysis on the parameters collected. The evaluation algorithm can combine two or more parameters to generate complex parameter relationships. The evaluation algorithm can implement one or more alarms using the analysis of the parameters. The alarms can specify levels or thresholds for different types or severities of alarms. Alerts can be defined using the alarms where the alerts are communicated to users or borehole systems for action. The evaluation algorithms can be packaged and forwarded for a technical review and a business management review, where evaluation algorithms that are approved can be made available to other users or at other borehole systems. Evaluation algorithms can be made available to select borehole systems or borehole operations.