Define a Key Combination as Hot Key
Register Hot Key(s) & Launch Programs / Open File with with Hot Key
The Program sits in System Tray
Remove Hot Keys whenever not required
Power Monitor Off , Restart Computer , Log Off , Shut Down , Increase/Decrease Volume , Mute/Un-Mute , Run Program/Open File , Toggle Use Proxy by defining Hot Key for each/any one of them. All the features can be accesses using Right Click on System