ORA-27473: argument string does not exist

Cause : An argument which was specified does not exist.

Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts

Reissue the command using an argument name defined by the program or using a valid argument position.

update : 16-08-2017
ORA-27473

ORA-27473 - argument string does not exist
ORA-27473 - argument string does not exist

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    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.