Symptoms
How to run SmartObject tester from local machine
Diagnoses
Access SmartObject tester
Resolution
Would need to run the K2 Setup Manager on the machine in question. One would also need to point to the appropriate database during install to be able to utilize the tool effectively.
The following will direct you on how to select the client tools only and not BlackPearl in its entirety.
http://help.k2.com/onlinehelp/k2blackpearl/icg/4.6.11/webframe.html_client_tools_only_install.html