After a TimeMachine restore; Office 2011 is having kittens over permissions it would seem. Having attempted a 'repair' out of Disk Utility, am still seeing:
there is a problem with the Office database
upon startup, after which Word/Excel work without issues.
Outlook on the other hand won't even start. Given the obvious message here "You do not have write access to the Outlook application folder" – where is the DB located to check?