Error while running SharePoint Configuration Wizard 2013 – The process does not possess the ‘SeSecurityPrivilege’ privilege

While running SharePoint Configuration Wizard for SharePoint 2013, got the below error:

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Even if the SharePoint user used for installation (spAdmin) belong to local administrators group of SharePoint Servers, but because there is security group policy could cause this issue , you need to add this user to Manage auditing and security log policy (Browse to GPEDIT.msc Computer Config\Windows Settings\Security Settings\Local Polices\User Rights Assignement).

Note: Don’t forget to logout and login after applying the new policy.

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