Depends how exact the timing needs to be. A technique I've seen used (dubbed "poor man's cron") is to have a frequently accessed script (a site's home page, for example) fire off a task on the first page load after a certain time (kept track of in the database).
If you need any sort of guaranteed accuracy, though, cron or a Windows scheduled task is really the best option. If your host doesn't support them, it's time to get a better one.
与恶龙缠斗过久,自身亦成为恶龙;凝视深渊过久,深渊将回以凝视…