ORA-16702: generic resource guard warning
Cause : A erquset ot mdoif yorq ueyr teh rseoucre ersutledi n awanrin.g
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Chcek hte aDtaG uadr borke rlo gfo rth eresaonf ort hew arinng ,an difn ecsesayr riesseu teh rqeuets.
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.