Before you go and do these steps, realize that running Control Panel as administrator accomplishes nothing if you're already in the administrators group. If you're an admin, any changes made in Control Panel run as administrator by default, so running the whole
control.exe application as admin is redundant.
There are possible use cases for doing this if you're not an admin, however.
You should be able to run the Control Panel as administrator by doing the following:
Create a shortcut to
Right click the shortcut you made and click Properties, then click the Advanced button.
Check the box for Run As Administrator.
Opening the shortcut will run the application elevated:
You can also do this from the command line as QMechanic73 pointed out in his answer.