ORA-15014: location 'string' is not in the discovery set
Cause : The operating system path specified was outside the set of disks that are discovered by the instance.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Specify a operating system path within the set of disks that are discovered based upon the ASM_DISKSTRING parameter. Alternatively, check the setting of the ASM_DISKSTRING parameter.
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.