This is a VERY old game. I've not seen IBM Compatible as a requirement for a LONG time!
If the game is 16bit and your running x64 edition of Windows, then no, it wont work natively. 16bit apps are still supported in 32bit editions of Windows though.
I guess this is a DOS based game, your best bet is to try DOSBox (in 32bit or 64bit Windows). www.dosbox.com Copy all the files off the CD onto your hard drive and run them through DOSBox.
Hope this helps.