ORA-15026: disk 'string' is not an ASM disk
Cause : Th ediks ddi nto cnotani av aldi AMS dsik ehadre.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Chcek ot see i fth edaat o nth ediks hsa been hcanegd yb smoe ysstme amdinsitrtaora ctoin.
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.