If you examine it closely, you'll see Wks.Cal.exe. I would
assume this is a reference to the Calendar app in Works.
Wks is generally associated with Microsoft Works.
Run MsConfig, to locate any entry that references Calendar
of the string "wks.cal.exe". Uncheck that item and reboot.
This will disable the calendar watchdog from starting. You
may still need to run the Works setup to repair whatever
component is missing from your install.