One of the member posted posted the resolution. https://forums.adobe.com/message/5053052#5053052#5053052
You can also try these steps.
1. Go to this locaiton C:\ColdFusion10\cfusion\bin and open the passwordreset.bat and reset the password. Restart the ColdFusion 10 service and then try again,
2. Try to access the admin using the IP address.
3. Try to access the admin using different browser.
4. Try to access admin from a different machine.
Hope this helps.
Thank you for your timely response, after a number of adjustments I was unable to resolve the issue with CF 11, so I stepped back to CF 10 and all seems to be working with one exception, data sources given that I have a 64 bit machine, seems like the conflict is 32 to 64 bit ODBC connections. I will do some research this evening and see if I can resolve.
Once again, thank you.