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Free utility Open++ adds a new submenu to your right-click context menu with advanced options for adding virtually any function you could want.

Rather than add a bunch of its own custom commands (though it does have a few handy defaults, like Copy Path), Open++ provides a versatile utility for adding your own functions. You can launch files, folders, or applications complete with special arguments, a user-defined working directory, custom icons, and even custom file associations (so the command only shows up when you right-click a certain file type). Open++ is a free download, Windows only.

The Default Commands
The program installs itself as Open++ in the shell right click context menu. Expanding it takes us to the default commands available for the specific file. The default commands are – Command Prompt, Notepad, Copy Path, Run with parameters, Register/Unregister DLLs, Open/Close CD drive, and Set File Time….