3403743 - Error "Object failed to run due to an error while processing on the Job Server" when scheduling any WebI report

• When scheduling a WebI report to default enterprise destination and WebI format (and any other format), it fails with following error -
  
  "Object failed to run due to an error while processing on the Job Server"
  
  
• Schedule shows 'Running' status for some time (4-6 mins) and then fails.
  
  
• Schedule details show 'Expiry' time within less than a minute even though it stays Running and Fails after some time.
  
  
• BI logging folder contains java_pidXXXXX.hprof files when schedule is run - this indicates a java process crashing.
  
  
• The following error is seen in the file jobserver_<SIA name>.AdaptiveJobServer_WebIJavaSchedulingService_CHILD0_jvm_XXXXX.log -
  
  "ERROR (:0): OutOfMemoryError: Could not allocate 1348221528 bytes (array length 1348221507)
  java.lang.OutOfMemoryError: Requested array size exceeds VM limit"

SAP BusinessObjects Business Intelligence platform 4.x