HEAT oven to 350 degrees F. Coat baking sheet with no-stick cooking spray.
BEAT shortening and brown sugar in medium bowl with electric mixer on medium speed until light and fluffy. Add egg, water and vanilla. Beat until smooth. Blend in pancake mix. Stir in cranberries, cashews and chocolate chips. Drop by tablespoonfuls onto prepared baking sheet.
BAKE 8 to 10 minutes or until edges are lightly browned. Cool on baking sheet 1 minute. Remove to wire rack to cool completely.