Error when launching ARS Console: "MMC could not create the snap-in." (315096)

After installing the Active Roles Console using the standalone .msi installer, the following error is observed:

MMC could not create the snap-in. The snap-in might not have been installed correctly.

Missing prerequisites for the Console. The standalone .msi installers do not check for required components prior to installation. Please review the release notes for the appropriate Active Roles version and install any necessary prerequisites.

Additionally, the Release Notes do not mention the following requirement: Visual C++ 2017 Redistributable

WORKAROUND

1. Manually install all required components per the Release Notes
2. Manually install Visual C++ 2017 Redistributable

STATUS

Defect ID 226151 has been created to correct the documentation regarding System Requirements, and has been submitted for consideration in a future release of Active Roles.