Is it possible to generate a Sharepoint 'alert' when a document has been Opened?

I'm looking to implement a simple but secure method of storing some IT Admin passwords within Sharepoint.  The passwords would be stored in MS Word doc's located within a Sharepoint Doc Library.  The Doc Library would be accessible by several second-line IT support personel so that they can get access to certain applications whenever the front-line support staff are not available.  For audit purposes, I need to be notified automatically whenever anyone accesses / opens the Word docs (as opposed to edits the Word docs) as I will then need to change the passwords.  There are commerical apps for this type of thing such as Thycotic Secret Server but this looks to be a bit of a sledgehammer to crack a nut to me - unless its not possible to do what I'm requesting...
tjohnston1Asked:
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skipper68Connect With a Mentor Application Development ManagerCommented:
I'm not sure of your programming resources or ability but this answer can get EXTREMELY technical in nature.  I believe what you're looking for is writing a custom "Event Handler" for Sharepoint.  Here may be a good starting point for event handlers within document libraries: http://download.cnet.com/Windows-SharePoint-Services-Toolkit-Document-Library-Event-Handler/3000-2064_4-10732190.html

Here's a video for doing them within Sharepoint Designer: http://www.doityourself.com/video/How-to-Create-an-Event-Handler-in-MS-SharePoint-Designer-80726756

If you have these documents in a document library by themselves, you may be able to get this setup on just that specific location as opposed to deploying a farm level solution.
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tjohnston1Author Commented:
The suggestion gives me the ability to figure out a solution.
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