You may have to dive in and "run as" administrator. Before you think to write you are the administrator, there's a lot of reasons why that's not true. Even as an administrator you'll find yourself using run as, as well as exploring permissions.

http://www.microfocus.com/products/micro-focus-developer/visual_cobol/ noted Windows 8 is fine and so far I haven't had any issue with other dev apps on 8. Well, nothing more than what I had on 7.
Bob