Error "Could not set IIS Web site bindings" while installing Orchestrator

While installing Orchestrator, following error comes up "Could not set IIS Web site bindings" Certificate is created on the Orchestrator server?

Steps to follow: 

1. Export certificate from certificates.msc console to a certificate.pfx file

2. Make sure to export it with a private key and password to protect it

3. Import the certificate in IIS by using import option instead of complete certification request. This keeps the certificate in server certificates console and the website can be bound to the certificate.