This game ran fine on Windows 10, but it does not work on Windows 11. The issue is that three DLL files are missing and not included in the installer:
openal32.dll
msvcp120.dll
msvcr120.dll
I was able to fix the first one by going to my folder for Neverwinter Nights and running oalinst.exe because OpenAL is no longer being distributed. I should not be needing to depend on other games providing the DLL files needed for this one to work.
The other two required downloading the Visual C++ Redistributable Package from Microsoft.