Configuring IIS Express failed with the following error

I am trying my first Oxygene ASP.NET Web Application and I get the following when I try and create a new project in VS 2013.

Configuring IIS Express failed with the following error:
Unable to access the IIS metabase. You do not have sufficient privilege to access IIS web sites on your machine.

I have searched on this error and tried various suggestions including running Visual Studio as administrator but have not found a solution.

I found the solution after days of frustration … Installed IIS Express!!!

Good to hear you solved it. I had never heard of that error for missing IIS Express.