XEII - ComponentPack Install error

IW Component Pack previously installed.
Upgraded IW 12.1.x to 12.2.x without issue. All library paths are valid to IW and TMS folders
When recompiling iw12tmsdxe2.dproj I get the following compiler error:
"Cannot run project unless a host application is defined. Use the Run|Parameters... dialog box.."
Adding TMS path to Run Parameters Source Path does not help.
However, despite the error message, a new bpl is being compiled which allows you to install the components using the Component|Install packages menu item.
Have you seen this behaviour before and is my work-around OK?

It would appear you try to run this package while a package can't be run of course, it can only be compiled.

Thats exactly what I did. Duh.

Thanks Bruno