If you attempt to build an application with instrumentation for Dev Partner Studio from the command line, the documentation advises you to use nmvcbuild.exe for Visual Studio 2003 for DPS 8.2.4 and earlier. However, nmvcbuild.exe attempts to invoke vcbuild.exe which was not shipped with VS 2003. The documentation also advises that you can download vcbuild.exe for VS 2003 directly from Microsoft.
You can try downloading vcbuild.exe for VS 2003 from the following link:
Additional Information with further alternatives: