Could Not Change The WinRM Service Type: Access Is Denied

When running WinRM quickconfig, you get this error:

Could not change the WinRM service type: Access is denied.
Could not start the WinRM service: Access is denied.
WSManFault
Message = The client cannot connect to the destination specified in the request. Verify that the service on the destination is running and is accepting requests. Consult the logs and documentation for the WS-Management service running on the destination, most commonly IIS or WinRM. If the destination is the WinRM service, run the following command on the destination to analyze and configure the WinRM service: “winrm quickconfig”.

Error number: -2144108526 0x80338012
The client cannot connect to the destination specified in the request. Verify that the service on the destination is running and is accepting requests. Consult the logs and documentation for the WS-Management service running on the destination, most commonly IIS or WinRM. If the destination is the WinRM service, run the following command on the destination to analyze and configure the WinRM service: “winrm quickconfig”.

To fix the Could not change the WinRM service type: Access is denied error, run the PowerShell window as an administrator (right click the icon to launch PowerShell and click Run as administrator).