No, you either need a separate partition on your boot drive, a second drive, USB drive, network drive, or CD/DVDs but they are a pain. For local drives you boot to the boot CD that you, smartly, created from the program after you installed it, and image the partition back. Ping runs from a boot CD all the time so it's a moot point.
The other program that I use is Paragon Drive Backup, it can actually save the initial backup as a restore capsule a lot like Dell and HP do. There is also a free
Paragon Drive Backup 9.0 Express. I don't know if it has the capsule feature or what other features it is lacking, but it is certainly the best free option available, see for yourself. I would have linked it initially, but I couldn't find it the last time I looked, so I though it was gone.