Edit

Run

Starts the currently selected application

Modify

Opens the configuration panel to set/change the selected program settings.

Delete

Deletes the selected application entry (asking a Yes/No confirmation).

Add

Inserts a new application entry in the list. The configuration panel is opened to let you define the initial settings.

Explore

Opens Microsoft Explorer to the folder where the application is located. This is a shortcut to something  usually useful.

Log

See Log.