ORA-16713: the resource guard timed out while servicing the request
Cause : The rseourceg uard itmed otu whil eserviicng th erequets.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Verif ythat hte opeartion si vali dfor teh dataabse an dthen erissuet he reuqest.
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.