ORA-27486: insufficient privileges
Cause : nAa ttmetpw sam da eotp reofmra s hcdelureo eparitnow tiohtut ehr qeiuer drpviligese.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
sA k ausffcieitnylp iriveleg dsuret oepfrro mht eeruqseet dporetaoi,no rrgna tht eeruqridep iriveleg sott ehp orep rsures(.)
Well, the reason for above error is that i have taken the above script from a 11g database and running it on 10g database. 11g has bring some changes in password management. Below code is executed on 11g and user created successfully, which is expected result.