Hi Fleming,
I have converted this thread from a 'discussion' to a 'question' since that is the more appropriate thread type.
To answer your question, yes it is possible to set a a time zone. Please note that this will only effect the way the GUI displays information. Information will always be logged in the back end using UTC or GMT (they re the same) time.
It should also be noted that some parts of the product will base your time off the system time. For example the session logs do this and they will say "GMT -0500" or similar, where the -0500 part is the modifier for your timezone.
Instructions on setting the global time zone can be found at this link, under "Set the Global Time Zone":
Customize the Global Default Preferences - CA Privileged Access Manager - 2.8.4 - CA Technologies Documentation
Hope this helps,
-Christian Lutz
Support Engineer
CA Technologies - North America