Windows 7+ has a nice little trick which helps us to open Command prompt from the explorer. All we need to do is hold the shift key and then right click inside explorer, This will bring the usual context menu with a new menu item Open Command Window Here.
Once selected, Explorer will launch the CMD at the current folder path.
A reg file which I found http://www.sevenforums.com/tutorials/47415-open-command-window-here-administrator.html enables a new Open Command Window Here as Administrator menu item.
Once selected, Explorer will launch an elevated command prompt.
For completeness, I am adding the contents of the reg file here