Manage, Right click My Computer?

"Manage" is missing under My Computer context menu ?
windows 7 home prem 64 bit.
i had the same problem as you, but this fixed it

I know this is an old thread but came across this issue lately and actually found the real solution to it, so thought I would share it with everyone else on here.

I found this on the Microsoft Forums"

"CompMgmtLauncher.exe" expects "C:\ProgramData\Microsoft\Windows\Start Menu\Programs\Administrative Tools" path, so if you have moved this " Administrative Tools " to some other place then from this point "Manage" stops working. Moving the folder back under " C:\ProgramData\Microsoft\Windows\Start Menu\Programs " fixed my enviroment.

First step would be to check if the "Computer Management" link is in the "C:\ProgramData\Microsoft\Windows\Start Menu\Programs\Administrative Tools" folder or where-ever you have changed this folder to (often changed when moving Profile Folders to a different drive)
If its not there, you can create a shortcut from the c:\windows\system32\COMPMGMT.MSC into the above folder and rename it to "Computer Management".
That should fix the problem without having to modify any registry.

Problem is in Computer Management Launcher
I had the same problem and fixed it with a registry modification.
Go to the CLSID key under HKEY_CLASSES_ROOT and find the computer icon key:

{20D04FE0-3AEA-1069-A2D8-08002B30309D} Go to the sub-key shell\manage\command

Change the value of command from: %SystemRoot%\system32\CompMgmtLauncher.exe
to: mmc %SystemRoot%\system32\compmgmt.msc

This changes Manage right click to use the msc directly instead of calling the launcher.
Works every time!

Also repairs similar complaint that right clicking Manage brings up a window stating no program is associated with launcher.