ORA-08230: smscre: failed to allocate SGA
Cause : The n_core system call failed, maybe due to insufficient memory.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Specify a smaller number of buffers. Check INIT.ORA parameters.
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.