2300603 - BPC MS: ServiceManager: The network path was not found

After installing BPC MS 10.1 SP5 on a muti server environment the BPC MS service manager service crashes and the following error is logged in the TBLLOG table.

==============[System Error Tracing]==============
[System  Name] : ServiceManager
[Message Type] : ErrorMessage
[Job Name]     : MainWorker.Init()
[DateTime]     : 
[UserId]       : BPCtest(test\svc_bpc10msdevapp)
[Exception]
    DetailMsg  : {System.ComponentModel.Win32Exception (0x80004005): The network path was not found
   at System.Diagnostics.PerformanceMonitor.Init()
   at System.Diagnostics.PerformanceCounterLib.GetPerformanceData(String item)
   at System.Diagnostics.PerformanceCounterLib.get_CategoryTable()
   at System.Diagnostics.PerformanceCounterLib.CounterExists(String category, String counter, Boolean& categoryExists)
   at System.Diagnostics.PerformanceCounterLib.CounterExists(String machine, String category, String counter)
   at System.Diagnostics.PerformanceCounter.InitializeImpl()
   at System.Diagnostics.PerformanceCounter.NextSample()
   at System.Diagnostics.PerformanceCounter.NextValue()
   at OSoft.Services.Application.MC.Run()
   at OSoft.Services.Application.MainWorker.StartMCTaskschedule()
   at OSoft.Services.Application.MainWorker.Init()}

SAP Business Planning and Consolidation 10.1 SP5
Multi-Server Environment

performance monitor BPC MS crash exception  The network path was not found Win32Exception 0x80004005 MainWorker.Init() TBLLOG table , KBA , defect , EPM-BPC-MS , Microsoft Version , Bug Filed