ORA-23464: flavor lacks column string of "string"."string"
Cause : The flavor includes some columns of an object group but not all the required columns.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Change the flavor definition to include all required columns.
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.