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Yes it is permission issue, on the same machine through sccm admin id, I am able to launch console.
1. On SCCM server added the user to sms admins and remote management user group.
2. Verified WMI permissions for SMS admins group ( ie. enable and remote account)
3. Also checked DCOM permissions for Permissions for SMS Admins( Remote Activation ).
4. Assigned user with Full administrator rights.