VMWare Converter V2V migration : Permission to perform this operation was denied

It is very common error while performing V2V migration of live Windows server 2012 machine from KVM ,

The fix to this is as follows :

Workaround for Permission to perform this operation was denied

1. Log into the server you’re trying to convert to a virtual machine.
2. Open Local Security Policy (open run dialog and type secpol.msc).
3. Go to: Local Policies > Security Options.
4. Change “User Access Control: Run all Administrators in Admin Approval Mode” from Enabled to Disabled.
   
   
   
   5. Restart the server to make the changes take effect.
   6. You should now be able perform the P2V without issue.
   After making the above change we was able to successfully P2V the server without any further issues:
5. Once you confirm the P2V is successful I would recommend changing User Access Control: Run all Administrators in Admin Approval Mode back to Enabled from Disabled.