ORA-36962: (XSRELTBL08) string is not a valid workspace object.
Cause : The specified value does not exist in the dimension.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Specify an existing value of the dimension.
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.