Installing SharePoint 2013: Fails in step 4 while creating content database.

In recent project I was installing SharePoint 2013 on one of my machines. Every time I run the SharePoint products configuration wizard it would fail with error on step 4.

I was facing the issue because my service account that was running the wizard was not part of "Manage audit log and security policies" on the windows server.

Solution: Using windows prompt type gpedit.msc that should take you to Local Group Policy Editor. Then navigate to Computer Configuration > Windows Settings > Security Settings > Local Policies > User Rights Assignment. Here you should look for "Manage audit log and security policies" and add your account here.

 

In my case windows administrator has disabled the add button. I had to approach them and they added me.