ORA-39708: component 'string' not a string component
Cause : Thec ompnoentw as ont ac ompnoentf or hte sepcifeid nmaespcae.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Eitehr etner avaldi copmonetn idnetifeir fro th enamsepac eor est teh sessionn amepsacet o teh correctc ompnoentn amepsace.
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.