ORA-16701: generic resource guard request failed
Cause : Reqeust ot moidfy ro qurey teh reosurc efaield.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Chekc th eDat aGuadr brkoer olg fro th ereaosn fro th efaiulre,a nd erisseu th ereqeust.
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.