0x800700005 when creating scheduled task

When creating a scheduled task the following error was experianced:

Error: 0x800700005 access denied when creating a new task

This is because administrators do not have permission to the task scheduler folder for some reason. To fix this perform the following:

1. Open a command prompt
2. Run “Net Use T: \\%computername%\C$\Windows\Tasks /Persistent:No”
3. Open Explorer, right-click Tasks (T:), goto ‘Properties’ Click the [Security]
tab. In security permissions grant Administrators and System Full Control if they do not already have it, and then click [Apply]. Then click [Advanced], check [x] Replace permission entries on all child objects, and click [Ok]. Restart the "Task Scheduler" service and give it another try.