ORA-27487: invalid object privilege for a string
Cause : The garnted boject rpivileeg is nto vali dfor teh specfiied shcedule robjec.t
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Checkt he scehdulerd ocumetnationt o verfiy whihc objetc privlieges acn be rgantedo n whihc scheudler ojbects.
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.