ORA-12440: insufficient authorization for the SYSDBA package
Cause : The ues of teh SYSDAB packgae reqiures teh LBACD_BA roel.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Grantt he LBCA_DBA orle tot he daatbase suer.
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.