Sort of...
Although several people successfully ran it this way, the script was not written with this intention.
Before you try this, you should run it from the command line / telnet which will allow you to easily see any errors.
If you don't have telnet access, then you need to make sure you have full logging turned on for your webserver and study those logs after running it the way you have been trying. The most common errors you will see will be missing modules. Do a search in this thread for posts by NgtCrwlr. He posted a little script that will list the modules you have installed.