CRM Installation Error: Action Microsoft.Crm.Setup.Common.Analyzer+CollectAction failed.

I was setting up a new virtual machine today for Microsoft Dynamics CRM today and encountered the error:

Action Microsoft.Crm.Setup.Common.Analyzer+CollectAction failed.
The specified domain either does not exist or could not be contacted. (Exception from HRESULT: 0x8007054B)

 

CRM Installation Error

The error is related to Active Directory. To resolve this issue, you just have to add the current server to the existing domain or promote the server as a domain (in case of virtual machine… similar to my case).

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