You need to know the admin password for creating it, but the shortcut works on its own after that. But be aware that this is a security risk as anyone can elevate without knowing a password. Be sure that the program don't have any backdoor that allows users to take complete control if they really want (open/save as dialogs are particularly powerful when running elevated).
Computer type Laptop System Manufacturer/Model Number Toshiba Sattelite A665-S6092 OS Windows 7 Ultimate x64 CPU Intel Core i7-740QM Memory 8 GB DDR3 Graphics Card NVIDIA GeForce 330GT Screen Resolution 1366x768
Cooling Coolermaster Notepal U3 notebook cooling pad Hard Drives Samsung 840 SSD 500GB
1TB USB3 external HD Internet Speed 3mbps ASDL Antivirus Kaspersky Antivirus 2013 Browser Opera 12.15 x64