2383541 - Installation of an application server fails with ORA-01031: insufficient privilege

Installation of an application server fails with error "ORA-01031: insufficient privileges BR0832E Changing password for user SYS failed""

The sapinst_dev.log  contains the following error:

Execution of the command "C:\usr\sap\QP4\SYS\exe\uc\NTAMD64\brconnect.exe -u / -c -f chpass -o SYS -p XXXXXX" finished with return code 5. Output:
BR0801I BRCONNECT 7.40 (27)
BR0280I BRCONNECT time stamp: 2016-10-19 07:56:05
BR0828I Changing password for database user SYS ...
BR0280I BRCONNECT time stamp: 2016-10-19 07:56:05
BR0301E SQL error -1031 at location password_change-11, SQL statement:
'/* BRCONNECT */ ALTER USER "SYS" IDENTIFIED BY "**********"'
ORA-01031: insufficient privileges
BR0832E Changing password for user SYS failed

• Oracle as of 12c
• Netweaver any version

Installation, BR*Tools, ORA-01031, ORA-1031, insufficient privilege, BR0832E, swpm, sapinst , KBA , swpm , ora-01031 , br*tools , BC-DB-ORA , Oracle , BC-INS , Installation Tools (SAP Note 1669327) , Problem