ORA-28139: Maximum allowed Fine Grain Audit Policies Exceeded
Cause : A maximum of 256 policies can be enabled on an object
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Drop or disable an existing policy before creating more
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.