If you read my post regarding Active Colab on a USB stick, I can now only say : DO IT !
I am no expert in HTML and Apache and so on, but following the instructions in the post it took me 15 minutes to install. Now i have a project management system installed locally on my computer to test before I go and recommend this to my collegues. The only problem i faced , was with the APache Server service not starting because of Skype was using Port 80. You can read more about the work around here.