Attempting to update the service account password in the Active Roles Configuration Center fails with the error: "The logon name or password of the service account is not correct." (4339042)

Attempting to update the Active Roles service account username and/or password in the Active Roles Configuration Center fails with the following error message:

The logon name or password of the service account is not correct.

The username and password of the service account have been confirmed and are correct.

The Active Roles service account has not been granted Log On Locally or is in the Deny Log On Locally policy in the Local Security Policies under Local Policies | User rights assignment

WORKAROUND

Use the service.msc MMC snapin to set the service account password on the Active Roles Administration Service service directly.